Question about PFD

[Anonymous]

Hello...I was under the impression, from watching Suze, that if you contacted the creditor about making arrangements on your charged off accounts and delinquent accounts, that they could start the statute of limitations all over again. I am wrong? Thanks

[Anonymous]

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kare893969 wrote:
Hello...I was under the impression, from watching Suze, that if you contacted the creditor about making arrangements on your charged off accounts and delinquent accounts, that they could start the statute of limitations all over again. I am wrong? Thanks

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All states are different  but usually YES  any payment may restart SOL

simple SOL

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8

PFD

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2659

Each and every debt might need to be worked out different.....examp:  you would not dispute a CA   you would first DV them......You would never send a DV letter to an OC.

Before touching your CR  know your SOL!!!!!

You are dealing with federal law (CRTP)  and state law (SOL)

CRTP v SOL

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=17466

Freq.requested thread    full of info.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=6834

Please ask as many questions as you need at any time!!!!!

Message Edited by HappyDays on 04-20-2008 10:55 AM

Message Edited by HappyDays on 04-20-2008 10:56 AM