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DJ · Posted: Sat Dec 02, 2006 7:26 am Subject: Allied interstate and SOL

allied interstate has just recently contacted me about some pretty old cc debt. The card went default in 1998. I think i made a payment early 2002 to a diffrent collection agency. I asked AI to send me a debt verfication letter. He says one is on the way. I also asked him about the SOL. He said everytime the debt is sold the SOL starts over. Does anyone know if this is true.

Guest · Posted: Sat Dec 02, 2006 7:27 am Subject:

also i live in South carolina

Posted: Sat Dec 02, 2006 7:44 am Subject:

From what I recall seeing in the past, the SOL does NOT restart in account is sold. Only if you were to make any sort of payment toward the account in question.
SOL, IIRC, begins with the last payment made to account.

Send AI a DV letter, Certified Return reciept.
Make them prove the debt, before you make a payment.
I just sent out a couple more letters to AI, as they failed to provide half of the requested details!

I'm sure more info will be posted. Good luck!

DJ · Posted: Sat Dec 02, 2006 8:30 am Subject:

If i send a DV letter what Details should i request? I saw a few letters on here and they seemed kinda vague

Posted: Sat Dec 02, 2006 6:16 pm Subject:

Here are some sample letters, just insert your info, and adjust them to your needs..Good Luck..Karen

Guest · Posted: Sat Dec 02, 2006 8:10 pm Subject:

where r the samples bossy?

DJ · Posted: Mon Dec 04, 2006 10:03 pm Subject:

SO does anyone know if the statues on a debt restart when the debt is sold? I also just found out that allied interstate is trying to collect my debt for LVNV funding. Anyone know how this works. They also said something about Sherman company! All i know is that the card defaulted in 98 and I made a payment in early 2002 to some random CA

DJ · Posted: Mon Dec 04, 2006 10:05 pm Subject:

Also im kinda worried about sending a DV letter. I heard of a few people that really got hassled after sending one. Like waking a sleeping giant

DJ · Posted: Tue Dec 05, 2006 9:15 am Subject:

Any Advice would be great

DJ · Posted: Tue Dec 05, 2006 4:48 pm Subject:

Hello?

Posted: Tue Dec 05, 2006 5:09 pm Subject:

Have you checked this debt reported in your credit report? The latest payment will make the debt current and the SOL will be calculated from that day. One CA can hire another or sell the file to them. Get your debt validated by the CA that is doing collections at present. You must make sure that your money is going to the right place and they are authorized for the collections.

DJ · Posted: Tue Dec 05, 2006 5:45 pm Subject:

I have not checked my credit report yet. Would the report have my last payment on a account? Or would it just have activity like the debt was sold to such and such CA. Also are there any free credit reports online that r really free?

Posted: Tue Dec 05, 2006 6:15 pm Subject:

Yes, the credit report should give the updated info. It will also show the collection to whom the debt is sold off. The original creditor will mark a zero balance. Go to https://www.annualcreditreport.com/ This is affiliated with the FTC. You get one free copy every year.

DJ · Posted: Tue Dec 05, 2006 8:18 pm Subject:

OK i just pulled my credit report. The debt that the CA are trying to collect on are not on my credit report? The debt went in default in 98. I did make a single payment in 2001 or 2002. Im guessing that since the original debt went bad in 98... so the 7 years is up and it cant be reported on my credit report

Guest · Posted: Wed Dec 06, 2006 11:55 am Subject:

Wouldn't the SOL have restarted when the payments was in 2001 or 2002

DJ · Posted: Wed Dec 06, 2006 10:37 pm Subject:

Yeah i think the SOL would but can they still report it on my credit report if it has been 7 years since the acct went default?

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