SOL on student loans and credit card debts

If you do infact owe this money, we advocate paying it back.

There is no SoL on student loans.

If these debts are yours and you've been paying on them then I would recommend you continue to pay them. Student Loans can get pretty nasty as well, the first action that they might take would be to garnish your wages.

Work your budget so that you can include paying your bills as well as for the necessary things. sometimes this requires a change in lifestyle if you has suffered income loss.

You say that you have been making payments and then you say that you stoppped making payments. When was your last payment made on the cards. I am a little confused. Also I believe the SOL in Florida is 4 years on credit cards. collection agencies will lie and falsely reactivate the SOL and will sue you after ten years sometimes. Many of them buy these for pennies on the dollar and play the odds of getting paid on some, but not all of them, and will try anything. Try to pay them now! You will also mess up your credit for years to come!

Hsbc will sue you after 90 days and you will have to pay their lawyers. Many other cards will do the same. It will wind up costing you 3 times more than you owe plus you will have a judgement on your record for 7 to 10 years.

Yup, no SOL on student loans. Federally backed ones will defaulted you after 9 months and charge you up to 25% in collection fees. Then they can garnish your paycheck without a court order. They seize tax returns and can even garnish social security.

Private Student loans actively sue for judgement.

Neither are dischargable in BK.

If you are having trouble making your payments talk to them, see if you can't get a forbearance or deferment.