SOL and Debt Validation
Date: Mon, 03/12/2007 - 07:17
A company Asset Acquisition Group sent me paperwork from an original debt I incurred for a car, after I sent a DV letter. The car was wrecked, demolished and never paid due to many other circumstances. I am in better conditions now, except this is way out of the SOL now. If I send a CeaseCom letter will this keep them from calling me or sending me letters? I am overseas so no big deal. Although i am in better circumstances i am not touching this and having my credit demolished after it took 7 years to get back to a clean bill. You are penalized by doing the right things it seems, so I cant. Any suggestions appreciated.
Since the debt is already past the SOL period, you are at no ris
Since the debt is already past the SOL period, you are at no risk of going through any legal actions arising in case of non-payments. You have to do some homework and sort this matter. You need to reply to the paperwork sent by Asset Acquisitions notifying about the SOL expiry. They always have the rights to take legal actions anytime they want to. It is your responsibility to make them aware of the SOL expiry. Then, they will know that you are aware of the laws and refuse to pay anything unless you get bound due to moral obligations to pay. Send the letter CMRRR.
