There is one more option and you are not going to like it. In the past NFCU didn't sell their paper (bad debts) and simply held onto them. That may have ended. I know I have seen a thread on another site where someone's NFCU cc debt was sold to LVNV who is now suing. LVNV is one of the JDBs who require the OC to delete their trade line when they sell the debt on anticipation that the buyer will be litigating and doesn't want the issue of counter claims. You need to wait a bit and see if they sold your debt and make sure that either the buyer or NFCU isn't about to litigate this.
If you moved to Arkansas BEFORE the SOL expired in Texas then the Arkansas SOL prevails. If you moved after the SOL expired you can use that as a defense. The portion in red does not address when the consumer changes jurisdiction. Where you were when you opened the account and defaulted is not relevant if you changed jurisdiction while the SOL was alive. They have to sue you where you reside and I do not believe AR has a borrowing statute allowing you to use the TX SOL.
As for the written contract: a credit card and bank accounts ARE a written contract. The terms and conditions spell that out that your opening the account, consenting to the T&Cs and making payments consents to them and forms a contract between you and NFCU.
Lay low because if they are planning litigation you will need to be ready to defend it.
@Gigi-DFW wrote:I received several notifications (CreditKarma, CreditSesame, and Experian) that my score had changed ... and for the better. When I investigated the positive change I discovered NFCU had deleted their tradeline from all three of my credit reports! The DoFD was sometime in 2018 so this account was several years away from the seven-year timeframe for automatic deletion. Is this a glitch in NFCU's system and their tradeline will reappear at some point in the future or is the tradeline permanently deleted?
I would like to get back in with NFCU but I owe them the most $ so they were the last on my list that I was going to contact.
Mine did too, but I also got a text from Resurgent who now has the debt. They offered a settlent of 50%. Pay it with in 45 days and they will not put it back on credit report. I am thrilled by it. I paid $100 to secure the offer. Check your emails etc. My 1st deliquency was in 2018 also.
After I pay the settlement I will still call NFCU later to pay the total amount so I can be basck in good graces with them. NFC doesn't black list you if you pay them all the money you owe. They were last on my list too. But Iam beyond happy it wont be on my credit report anymore. They was my last baddie from that time.
Starting Score: 502Oh, I think I should mention I spoke with Resurgent on Oct 30th. SO you might get lucky have have the window to take an offer to settle, they had several option, but make sure which ever offer your comfortable with that they agree as long as you do what ever payments on time that they wont put it back on your report.
Best of Luck to you.
They do have different payment plans. But for more of settlement. Like reduced 30% for a longer payoff. I'm not sure if they would then not put in on your Report. But if they did would probably delete it once you paid the final agreement. I wanted the 50% reduction settlement. If you don't here from resurgent soon I would call them to see if they have the debt. Or you can go to their websight to check.
