No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have two old cc debts that were opened in 2000, one went bad in Oct of 01 and the other March of 02, this was last activity. Went to Arrow Financial Services first then portfolio Recovery bought both the debts in March of 07. Neither account is showing on any report, but Portfolio has been calling and sending their letters and I need it to stop. The debt isn't that much but I'm afraid if I pay now it will show up "paid" on a bad debt and bring my score down, which I have worked feverishly to get to above normal. I have read the SOL posts but need to be sure if I send a C/D letter. My old reports stated that both of these would be off my reports by Oct 08 and Feb of 09 which they are, my question has SOL been surpassed? Can I send letters to C/D?
thank for the help
Zombie debt collectors at it again. You can tell them verbally to stop calling you. If the SOL in your state is 7 years or less they can't threaten to sue or make you pay. They can continue with the calls. It may be best if you send a letter if you think telling them verbally won't stop them from calling.
I know my state SOL in my state is 7 years, so your saying even if I send a letter telling them that the SOL is up, they can still call and send their threating little letters?
To cease communications from a CA, you need to send a letter under FDCPA 805(c), notifying them to cease further communcation with you.
Expiration of SOL does not bar further collection activity.