Anderson, SC asked in Consumer Law, Contracts, Civil Litigation and Collections for South Carolina

Q: I am currently being sued by debt collector trying to sue on a private student loan from 2008. Isn't the SOL 3 years?

This loan was taken out in 2008 through BOA and no payment was even made because it was fraudulent. Now in 2020 this collection agency is suing. E despite the SOL being 3 years and from the evidence I have from the CFPB (Consumer Financial Protection Bureau) says that the SOL begins upon the first missed payment which was in 2008. Also does the collection agency have standing to sue since they have not submitted any evidence of payment to own this debt? Shouldn't they also have to show that they own this debt and what they paid if anything for this debt. Also Bank of America charged off this debt in 2008 so wouldn't that start the statute of limitations? Thank you in advance for your help as I have a plaintiffs motion for summary judgment coming up in 2 weeks.

1 Lawyer Answer

A: Don't know about the SOL in South Carolina; but in Florida the SOL for this kind of debt is either 4 or 5 years, depending upon certain circumstances.

Rather than spending time asking lawyers here on Justia you should spend your time gathering all the evidence needed to show (1) the debt is way over 10 years old; (2) the collection agency is knowingly attempting to collect a debt that cannot lawfully be collected because of the SOL; (3) the collection agency cannot prove that any payments were made on this alleged debt at least since 2008, or any other time within the SOL; and (4) the collection agency should be sanctioned for bringing this spurious claim into this Honorable Court.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.