05-14-2009, 09:23 AM
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cap 1 collection
i got a dunning letter from nco..28 days later i sent debt validation & c/d letter. that was march 28-nothing has happened since..no calls..no letters ect. the dola on the account was 06/2006(cap1). i'm in ohio and its within state sol. however, i read an article about cap 1 card memeber agreement and virgina sol would be applicable possible..anyway what happens from here? i haven't heard anything from these guys..and sure i guess they could sue me..but haven't in the last 6 when i haven't paid it..so what can really happen? cap 1 still owns account and assigns for collections..
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05-29-2009, 06:28 AM
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Since they could not validate your debt, they cannot legally sue you to the court and bring judgment against you to recover it. However, Cap 1 can definitely send it to collections if they fail to recover it. Now as regards the Statute of Limitation, it will be applicable for the state you live in.
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05-29-2009, 01:44 PM
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Who said they couldn't validate the debt? They don't have a time table to get back to you when you request validation and it is possible that by there calculation the letter was not sent within the 30 days. Best bet at this point is to wait and see if they do anything before the SOL runs.
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