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CO was sold to Arrow and now with Cavalry...help with DV?

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specialksauce
Contributor

CO was sold to Arrow and now with Cavalry...help with DV?

Chase CO'd in 08/2008, sold to Arrow Financial. They went out of business. Never was on credit report but Cavalry opened an account in Feb 2013, reported in May 2013. Never received anything in mail and don't remember this account from Chase since it's so long ago.

 

What happened between 2009 when Arrow went out of business and 2013? How did Cavalry get it if no one reported prior to 2013? 

 

What is the likelyhood of Cavalry having the proof they own and can collect?

 

I don't want to DV quite yet just in case this is mine as I don't have $2k to pay it off. SOL is 3 years so they can't sue or place any judgements. It's been over 5 years since DOFD. 

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guiness56
Epic Contributor

Re: CO was sold to Arrow and now with Cavalry...help with DV?

If it is outside of your state suing SOL, a DV would be ok.  It is only when it is still within suing SOL not to send a DV unless you can PIF.

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