Hello. What is the SOL for credit card debt in Illinois? When the SOL is up how should I start to get my credit reports cleaned up?
I had 5 credit cards and made my last payments in January 2007. Six months later I paid one off for 25% with Bank of America and 40% with a collector. I have letters from both stating they are settled.
Two others took me to court and were Dismissed WITHOUT Prejudice due to lack of records.
I haven't received any letters from the fifth card in over 3 years.
For years I have received 0-4 calls each day from blocked phone numbers and other numbers I Googled to find out are know collectors. I never answer any of the calls.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.