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Guest · Posted: Fri Jul 04, 2008 1:17 am Subject: Written Off??

I had a judgement issued against me in Fla., I later moved to Ga. I am disabled and have no assets and my only income is SS, a few months ago I noticed on my credit report that this judgement was "Charged Off" along with 2 credit card accounts. Does this mean that the judgement is no longer collectible? There is a JDB trying to collect on one of the CC accounts, but I haven't heard back from them since I sent them a DV letter, although they continue to report on my credit report.

Posted: Fri Jul 04, 2008 2:17 am Subject:

A few of mine were charged off also, but my accounts were sold to CA's. If the CA owns it, they can and probably will eventually sue you for it. You did the right thing by sending a validation letter, they can't continue to attempt to collect until they have responded to your letter, and validated the debt in question. Smile

Posted: Fri Jul 04, 2008 8:06 am Subject:

Judgements in FL are good for 20 years but would have to be domesticated to GA. MAybe the amount is not worth the effort to them?

Posted: Fri Jul 04, 2008 8:25 am Subject:

"Charged off" doesn't mean that you no longer owe the debt or that it is no longer collectible. It just means that the original creditor removed the balance from their books and reported it as a bad debt. That doesn't mean that they can't sell it to a third party collector.

Guest · Posted: Sat Jul 05, 2008 1:55 am Subject:

The charged off amount was around $30,000.00, it was on an RV that I was unable to use or pay for when I became disabled.

Posted: Sat Jul 05, 2008 2:47 am Subject:

When did you move from FL to GA? You may have tolled SOL. The RV should be covered under the UCC but again, research both GA and FL statutes to verify.