Help me please...
Date: Thu, 12/28/2006 - 17:34
They may not be able to sue you in court for the debt. But I thi
They may not be able to sue you in court for the debt. But I think it can still stay on your report for 7-10 years.
MAN, IT'S GREAT TO SEE YOU BACK..I HAVEN'T SEEN YOU ON IN A FEW
MAN, IT'S GREAT TO SEE YOU BACK..I HAVEN'T SEEN YOU ON IN A FEW DAYS...MAYBE I JUST DON'T GET ONLINE WHEN YOU ARE...LOL So, what should I do about the NCO pain in the butt ppl calling me everyday and mailing me letters?? Could you help me put together something that contains the SOL for NC, so I can send it to them??
Be careful with NCO, natdust. I'm pretty sure I've seen other t
Be careful with NCO, natdust. I'm pretty sure I've seen other threads on here about them trying to reopen SOL's and going after accounts that have been charged off. Definitely get a debt validation.
How do I go about doing that?? They send me letters all of the t
How do I go about doing that?? They send me letters all of the time, is that a debt validation?? I went in and checked my credit report that just updated yesterday and I saved it. Is there anyway that you could help me with getting something together to send them that lets them know that I am aware of it being out of the SOL??
I've never actually had to send one myself; but I do know they h
I've never actually had to send one myself; but I do know they have to state the name of the company they represent and how much the debt is for. Check out these threads. The first one is for the laws regarding debt validation. The second one has a link regarding NCO and how to deal with them as well as a template debt validation letter. Good luck, natdust. Let us know how it goes.
http://www.debtconsolidationcare/validation.html
http://www.debtconsolidationcare.com/forums/about6873.html
Yes, be aware of NCO. I had to pay them off finally and wasn't I
Yes, be aware of NCO. I had to pay them off finally and wasn't I glad.
But they can still make comments on your credit report for seven years. After seven years, they cannot pursue you for the debt.
SOL doesn't have anything to do with credit reporting... the SOL
SOL doesn't have anything to do with credit reporting... the SOL's vary by each state's laws. Credit reports are governed by the FCRA which is a Federal law.
Whether or not a debt is collect-able, it can be reported to the credit bureaus for 7 years from the date of first delinquency.
After that, they can still call you and try to get you to pay. But if you know they can't sue you, then they wouldn't get very far trying to collect.
Would you let them know that you are aware of it being out of th
Would you let them know that you are aware of it being out of the SOL??
I may not know about payday loans but I know about this. I work
I may not know about payday loans but I know about this. I work for a collection agency. You can start a dispute with the credit bureaus, they only have 30 days to reply, most don't because they get so many disputes...so at that time the credit bureaus will delete that record. If NCO contacts you just simply tell them you are aware that the statue of limitations is up and are disputing this, as well as letting them know they are in violation of fdcpa and not to contact you anymore.
Well, the only thing is they are not reporting it. Capital One i
Well, the only thing is they are not reporting it. Capital One is still reporting it, I don't know why since NCO has the account. I disputed it today with experian and equifax anyway. Do you think that Capital One will let them delete it since it is past the SOL and they haven't got any pmt since OCT. 2003??
Yes, what will happen is that Capital one will get the dispute,
Yes, what will happen is that Capital one will get the dispute, 9 times out of 10 they wont validate it, if they do look into it they will see that it's way past the SOL and ignore it. If it doesn't work the first time just keep disputing it. Again because they get so many not all of them get validated.
Gee, you are great. I have heard that Capital One is very hatefu
Gee, you are great. I have heard that Capital One is very hateful when it comes to removing things, is that right?? Well, I am not sure about the SOL thing. On my CR, it says that as of OCT. 2003 the account was 30 days past due. Is that when the SOL started or what??
Yes, they are good at reporting things the minute it's late but
Yes, they are good at reporting things the minute it's late but they don't update the records when it's past the statue or even when it's paid off.
So you think that I have a pretty good chance in getting it dele
So you think that I have a pretty good chance in getting it deleted??
Sometimes you have to dispute it when it's paid off with them. T
Sometimes you have to dispute it when it's paid off with them. The SOL stars when they received your last payment. So if for some reason you sent them even $1 last month then it would start all over. Another thing is that you can send them a payment even $1.00 and if you write on the check "this is a final settlement payment on this account" if they cash it, they have just accepted that settlement!!!!
yes, you should have no problems getting it deleted. if it doesn
yes, you should have no problems getting it deleted. if it doesn't work the first time keep disputing it.
Would you just wait and see if they remove it or what? I really
Would you just wait and see if they remove it or what? I really don't want to send the pmt on it b/c I know that it will start the SOL over and I don't have the money to pay it now..
If you disputed it with the credit bureaus just wait until you g
If you disputed it with the credit bureaus just wait until you get a reply. Is it a substantial amount? Depending on the balance they may think you are trying to get something (house, loan car etc.) and validate it...even if it's over the SOL...then you'd have to wait the 7 years. But even then I'd keep disputing it. They will not always reply. I had something that I disputed a couple years ago, they validated it, it was over the SOL, this year I disputed it again....it was removed because they didn't respond.
No, it's for $1,458.76. That is the only bad thing that I have o
No, it's for $1,458.76. That is the only bad thing that I have on my CR. I got like 7 things deleted already last month, and 3 more updated. I really appreciate your info and I hope that I can get it deleted. Thanks again for your help :D
you're welcome....I hope that my payday advance works out like y
you're welcome....I hope that my payday advance works out like you said too....I'll keep you posted. Let me know if there's anything I can do to help. It should work out fine.
Thanks...I'll let ya know what happens...Thanks again for the he
Thanks...I'll let ya know what happens...Thanks again for the help and advice...
Quote:Another thing is that you can send them a payment even $1.
Quote:
Another thing is that you can send them a payment even $1.00 and if you write on the check "this is a final settlement payment on this account" if they cash it, they have just accepted that settlement!!!! |
NOT TRUE.
The memo line on a check is just that, a "memo" for your own personal records. Writing something on the memo line does not in any way create a new contract, or alter the terms of a contract that has already been executed. Any comments you may write on a payment do not actually void the original agreement.
As a test, the next time you make your car payment, go ahead and write "paid in full" on the memo line. I guarantee they will still cash that check; and if you stop making payments after that, I guarantee they will come take the car. Then see how well your argument holds up in court.
I may just up it a little higher, and try that with my mortgage
I may just up it a little higher, and try that with my mortgage payment!..................Maybe not.
LOL Steelers! That probably wouldn't be a good way to test that
LOL Steelers! That probably wouldn't be a good way to test that theory...
If I was going to test that theory i would do it with a VERY sma
If I was going to test that theory i would do it with a VERY small debt that is easily resolved
Talking about collection agencies & collection accounts, account
Talking about collection agencies & collection accounts, accounts that have been witten off as bad debt, not regular mortgage, car or loan payments. That would be rediculous to try and be on their bad side. Of course there are agencies out there that don't follow the guidelines. However, at the agency I work for they will not cash such checks....and NO it's not in the memo line you write it. It's where they endorse it on the back & it has to be written in a certain way.
You could write "For sexual favors" on the memo line, just for t
You could write "For sexual favors" on the memo line, just for they comedy...lol
OMG Jessi that is too funny, now everytime I write a check even
OMG Jessi that is too funny, now everytime I write a check even for monthly bills I will try and think of something "strange" to put in the memo line
LOL Jessi! Only you would come up with that one...LOL
LOL Jessi! Only you would come up with that one...LOL
You guys are hilarious. I wasn't gonna do that b/c I really don'
You guys are hilarious. I wasn't gonna do that b/c I really don't want to start the SOL again. Well, I just got a email back from Experian and they didn't delete it, only updated..Maybe next time, huh??
We are trying to get out of debt, not deeper in :D
We are trying to get out of debt, not deeper in :D