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@lafishy wrote:I thought I had heard that ANY contact with a CA while a debt is still within SOL constitutes reset of DOLA.No?Hardly seems worth the risk, really.
@Anonymous wrote:
@lafishy wrote:I thought I had heard that ANY contact with a CA while a debt is still within SOL constitutes reset of DOLA.No?Hardly seems worth the risk, really.
ANY contact with the CA CAN (depending on your state -- which I don't think we know?) reset the SoL clock, but not the CRTP.
As I understand it, once the account charges off and goes to the CA, it can't be reset in terms of the reporting period because the account is CLOSED. I don't think the CA has the legal ability to re-open a dead account, therefore, can't update the activity of the original account.
However, admitting to the debt, making a payment or promise to pay CAN start the SoL all over again -- in some cases, AFAIK, even if the item is SoL (I'm not 100% sure about that one, but wouldn't want to be the guinea pig in testing it out!!).
@lafishy wrote:And can you PFD, then if they say no, ask for DV? Then, if no, set up a payment plan?The CC chargeoff CA...they've offered this in writing (along with a 50% redux):"Upon full payment your credit record on our books concerning this account can show a Paid In Full status. After Payment, if you request, we will also issue you a written letter confirming that you have paid this account with a rating of "Paid as agreed."Is this trickery? Should I do a a PFD...even if I can't pay the whole amount (the settlement they offer is 2900, but the full amount due is 5800, most of which is fees, etc.). Can I do a PFD with payments?Or should I just let this be the one thing on my report that can't be fixed, and let it age off?I vote for that last option. But I'm a newbie.GOAL: 700 club by early 2010.