Charge off

[lyndon2446]

Hey guys long time visitor… I am getting ready to buy a home thanks to this forum I have did some positive credit repair, Thanks! I have two old charge-off accounts that’s due to fall off in two months. Both were MBNA now brought out by BOA. Can a collection agency try to collect?  

Thanks J

[Anonymous]

A JDB can always try to collect - the question is do they have any way to legally collect (if past SOL then no).  If someone tries to collect in two years DV them and then send a FO&D letter  More than likely they will not even respond to the DV - they prey upon the ill-informed.

This close to fall-off --- leave them just drop then app for you mortgage.

[lyndon2446]

I'm a little slow what is JDB?? so a CA can try to collect before it falls off in 2 months.

[Anonymous]

JDB=Junk Debt Buyer

YES, they can try to collect but CAN they legally collect anything?  What is your SOL?

Message Edited by Lady_Scarlet on 01-12-2008 04:37 PM

[lyndon2446]

Seven years, my credit report states that it would be on record until 3/2008.

[Anonymous]

Check SOL for your state  7-7.5 years is CRTP (Credit Reporting Time Period).  CCs are 'open accounts'

[Anonymous]

Thay can try to collect forever, just not legally. Read this in Noah's siggy:

SOL v. CRTP

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lyndon2446 wrote:

I'm a little slow what is JDB?? so a CA can try to collect before it falls off in 2 months.

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