I'm a GA resident and I have two bad cc debts BofA with last activity repo 6 yrs back . Asset Acceptance bought the debt later. I've never once spoken to or corresponded with AA ever. I'm still unclear about the Statute of Limitations but would it be wise to begin disputing this debt (it's mine and I know it) or wait another year. Thanks.
Now we should discuss your second question. You can erase these two bad credit card debts from the credit bureau reports if you wait for another year. A bureau usually removes negative listings after 7 years.
I think it will be wise for you now. You have not responded to your two debts for so long (6 years). A sudden reopening of the case means the SOL will start all over again. The debt settlement cannot help you much in this scenario (Your credit score will remain negative as it was for the 6 years).
So, if you want to take my point of view, my suggestion will be that you should be silent.
Let what is passing by- let it pass silently.
Sub: #1 posted on Wed, 02/26/2020 - 02:27
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The listing will be erased after 6 years.
Sub: #2 posted on Thu, 02/27/2020 - 23:37
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Sub: #3 posted on Fri, 02/28/2020 - 01:58
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