Posts: 14,062
Registered: ‎04-15-2011
Re: Help please! Anyone? Key Derogatory SBA Line of Credit Charge Off US Bank

If it says transferred to recovery, it could be an internal recovery and not an outside CA.  I would contact them for the current amount, and if possible, send a PFD.  If you wait it will most likely go to a CA, or since it is federally backed, it might not have a SOL, kind of like student loans.  I'm just not really familiar on SBA loans.

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