Confused on SOL

Date: Thu, 09/14/2006 - 17:05

Submitted by juzzme
on Thu, 09/14/2006 - 17:05

Posts: 4 Credits: [Donate]

Total Replies: 5

Hi there, I am new to this forem, and have read many, many posts and gone to the state and FTC websites mention here, and yet I am still really confused! My story...I got a credit card in Oregon in 1997 and ended up moving to Florida in 2000. My payment history was great until I lost my job and quit making pmts 9/2001. Then after being "hunted down" by an violent ex, I moved to Washington state in 2002 and have had a confidential address with the Attorney General. I am currently self employed barely making ends meet. Well, last month I received a letter from JA Cambece Law Office collecting for CACH, LLC, who I believe is trying to collect for this cc. But the orginal balance when it went into collections was 2500.00(incl fees and interest) and now they are stating I owe 5900.00. First, can they put those kind of charges on the bill legally? And to which state do I look into the SOL laws...and where do I find them, because I have found two different SOL's for WA, one for 3yrs and one says 6yrs. I really don't know what to do at this point and they dont have my full address...with the confidential address there is a PO Box and then I have a number (which Cambence has left off) that designates my mailbox. Can you offer me any suggestions? It is greatly appreciated!

The collector can charge interest if your agreement with the ori

The collector can charge interest if your agreement with the original creditor allows for this. Besides, the state laws where this debt took place will decide the legal charges that can be added on the principal amount upon collections. Don't pay anything to the collector because if the SOL has already expired, you will be renewing it back from the beginning. The SOL of that state will be applicable where this debt happened. Check the date when you last did the payment. The period starts from that date till the statutes legal in your state. If the SOL is past by now, send a dispute letter mention about the expired SOL. All collection attempts must stop.

lrhall41

Submitted by ArDeN on Thu, 09/14/2006 - 17:49

( Posts: 496 | Credits: )

Thanks ArDen, and if I understand you correctly, because I opene

Thanks ArDen, and if I understand you correctly, because I opened the CC in OR the sOL is for the state of OR, not where I currently live in WA. My last payment was made when I lived in FL back in 2001, which is the date that I would look at the SOL clock dating?

lrhall41

Submitted by juzzme on Thu, 09/14/2006 - 18:06

( Posts: 4 | Credits: )

Yes, you will need to check the statutes in OR because you opene

Yes, you will need to check the statutes in OR because you opened the account there. Now the legal stand does not matter if you shift to a new place.

You did the last payment in FL in 2001 so the SOL will be calculated from this day with the legal statutes available in OR.

lrhall41

Submitted by ArDeN on Thu, 09/14/2006 - 18:15

( Posts: 496 | Credits: )

Thank you ArDen, now I understand how the SOL works...have a gre

Thank you ArDen, now I understand how the SOL works...have a great evening!

lrhall41

Submitted by juzzme on Thu, 09/14/2006 - 18:27

( Posts: 4 | Credits: )

You too :)

lrhall41

Submitted by ArDeN on Thu, 09/14/2006 - 18:28

( Posts: 496 | Credits: )