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Question: What will reset the statute of limitations for debt in Colorado?

Can’t seem to find any Colorado laws detailing what would constitute resetting the SOL on debt collections in the state of Colorado? G/F has some items on her credit report showing 4 years old when the Colorado SOL is 3 years. However, she made some payments on the debt within the past year. I’m wondering if Colorado considers making a payment to be resetting the SOL on that debt, or if the original date would be valid for SOL purposes regardless of her making some payments?

Answer: In Colorado any action you take with a debt ie:answering debt collectors calls,making payments,ect. all reset the debt. It is considered aknowledging the debt and thus resets the SOL. The best advice I have is to Ignore it if it is that old.

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