10 replies to this topic

[waystogo]

Hi Folks,

Need some advice please.

I just received a notice regarding an old credit card charge off from around 1997. It is stating that unless I respond back disputing the validity of this debt that they will assume that the debt is valid. They also mention that they are willing to settle for a percentage of the balance.
I'm not sure whether to ignore this notice because it way past sol to be added to my cr or be sued, or to respond back in some way.

What's the best way to handle this?



Thank you!

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[dj13624]

you can very justifiably send them a FOAD letter. 15 years?? sheesh!!!

[millionariess2]

15 years old....

[JunkBuyersWorstNightmare]

FOAD 'em, CMRRR. Do not sign the letter. Do not give them your SSN.

[deansreturned]

15 years old....that's hilarious. Care to share the name of the agency?

[ICANHASMUNY?]

Hi Folks,

Need some advice please.

I just received a notice regarding an old credit card charge off from around 1997. It is stating that unless I respond back disputing the validity of this debt that they will assume that the debt is valid. They also mention that they are willing to settle for a percentage of the balance.
I'm not sure whether to ignore this notice because it way past sol to be added to my cr or be sued, or to respond back in some way.

What's the best way to handle this?



Thank you!

this letter.

http://creditboards....0



also, what state are you in?

some states are passing laws that collection letters on SOL debt without a notice is a violation of state collection laws.

NM, NC, MA

[SuperGurl72]

Lol I got a similar letter from RJM in Feb for a debt from 1996. I sent them a letter and never heard from them again.

[waystogo]

15 years old....that's hilarious. Care to share the name of the agency?

It is capital management services.

[waystogo]

Hi Folks,

Need some advice please.

I just received a notice regarding an old credit card charge off from around 1997. It is stating that unless I respond back disputing the validity of this debt that they will assume that the debt is valid. They also mention that they are willing to settle for a percentage of the balance.
I'm not sure whether to ignore this notice because it way past sol to be added to my cr or be sued, or to respond back in some way.

What's the best way to handle this?



Thank you!

this letter.

http://creditboards....0



also, what state are you in?

some states are passing laws that collection letters on SOL debt without a notice is a violation of state collection laws.

NM, NC, MA

Thanks for your help. I'm in California.

[waystogo]

Lol I got a similar letter from RJM in Feb for a debt from 1996. I sent them a letter and never heard from them again.

What kind of letter did you send?