defaulted on loan 7 years ago...can they still collect?
Date: Wed, 04/22/2009 - 16:52
I defaulted on a loan like 7 years ago. The CA is sending me a letter trying to collect, but I am in no shape to pay it. I'm in CA. Can they take me to court?
reply
don't know the SOL for CA off hand.will try to get it for you.what type of loan was this?who was the lender?okay the SOL is 4 yrs on debts of this kind.you are well past that.
It was a credit card debt. Should I send them a DV letter? Can
It was a credit card debt. Should I send them a DV letter? Can I get it off my credit report?
Glad, the SOL is 4 years in California. Your Credit Report sho
Glad, the SOL is 4 years in California. Your Credit Report should show the date that the item will be removed from the report. it can only stay on the report for 7 1/2 years from date of last pay. So that should be coming up soon.
Send the CA a DV letter that states that the SOL has expired and request that they prove the validity of the debt.
Yes they can still collect until it is resolved even after it fa
Yes they can still collect until it is resolved even after it falls off of your credit report, but if the SoL is expired they can't sue you for it.
