Charged off Debt
Date: Thu, 04/19/2007 - 14:17
Correct me if I am wrong but the SOL means that they cannot sue
Correct me if I am wrong but the SOL means that they cannot sue you but that you still owe the debt...
CA will continue to collect even if the debt is past the SOL. Ho
CA will continue to collect even if the debt is past the SOL. However, they cannot sue you for not paying the amount. Write a dispute letter notifying the expiry of the statutes and to stop all collection attempts. You don't need to hire a lawyer in doing this. Send the letter through US mail with return receipt requested.
To add to weewie's post, I would be careful to not even admit to
To add to weewie's post, I would be careful to not even admit to owing the debt while informing CA of the SOL expiration.
Excellent advice from everyone, but bear in mind that once you d
Excellent advice from everyone, but bear in mind that once you do start making payments, the SOL's clock starts ticking again. Just something to keep in the back of your head...
You all are right. Never admit to even owing a portion of the d
You all are right. Never admit to even owing a portion of the debt, they might be able to hold you to the full amount.
