Debt collection on an account in which payment is made

Date: Sat, 12/10/2005 - 07:16

Submitted by anonymous
on Sat, 12/10/2005 - 07:16

Posts: 202330 Credits: [Donate]

Total Replies: 3

in the year 2000 a vehicle was repossessed, no payments were made until a collection lawyer called several times and I made a 100 dollar payment, did I reset my STATUTES OF LIMITATION??, they are threatening with court, and a letter of notification from the law office states that they are taking me to court, please tell me what actions I should take.
Thanks

Another question

taking in consideration the initial post, I would like to add that I have incorporated a company in 2005, can they take any legal actions against my corporation since I am the owner and president?????

lrhall41

Submitted by on Sat, 12/10/2005 - 07:21

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Hi Fred Welcome to the forums. SOL gets renewed all over a

Hi Fred

Welcome to the forums.

SOL gets renewed all over after you have made the payment towards your debt account.

It will be better for you if you can pay off your debt through easy arrangements with the collectors. This might restrain them from taking any legal actions against you.

Regards
Roxette

lrhall41

Submitted by roxette on Sat, 12/10/2005 - 08:42

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i agree with roxette. contact the collection agency and let the

i agree with roxette. contact the collection agency and let them know you are willing to set up reasonable payments on the account. keep in mind the agency will have procedures to follow by their client and they cannot accept just any offer you give them.

lrhall41

Submitted by CollectorMatt on Sat, 12/10/2005 - 14:04

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