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 Posted: Wed Jan 24, 2007 4:09 pm Subject: debt over 7 years old |
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I borrowed money from ITT Financial Company, in 8o's and LVNV is trying to collect on that debt now, is that legal? What can they do? I need advice.
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atkinsfal
Joined: 24 Jan 2007
Posts: 1
Debtcc Points: 29
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| Posted: Wed Jan 24, 2007 4:25 pm Subject: |
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Debt is always collectible until paid. Since it's already too old now to be reported in your credit report unless you make a payment. Send a disputer letter mentioning about the expiry of the SOL and the reporting time frame according to the FCRA. Hence, all collection attempts need to stop.
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Howard
Joined: 30 Oct 2006
Posts: 312
Debtcc Points: 4766
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| Posted: Wed Jan 24, 2007 4:29 pm Subject: |
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howard, I need a little help here. I have a charge off on my CR with Capital One. It is showing that the 30 day late was Oct.2003...The SOL in my state is 3 years for open end accounts. Ok, wouldn't that mean that it is out of the SOL as of Oct. 2006???
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natdust20
Joined: 19 May 2006
Posts: 1344
Debtcc Points: 14935
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| Posted: Wed Jan 24, 2007 6:00 pm Subject: |
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You can contact all credit bureaus and have the charges removed
Click here for your free credit report Its really Free
https://www.annualcreditreport.com/cra/index
External links removed per forum rules-Jason
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stressed
Joined: 22 Jan 2007
Posts: 11
Debtcc Points: 344
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