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ChaplinReborn

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    Denverish, CO
  1. I won't pretend I know all the differences in deferments vs. forbearance, but that does ease my mind a bit. I do have an end date, with payments starting back up in January (this just helps me get through the holidays).
  2. That was my question...I placed them in forbearance to avoid defaulting, missing, or being late on my loans. From a pure credit standpoint, I avoid any derogatory marks during that time. True, my balance will rise as interest is accrued, but it sure beats a 30 day late. My concern was, even though it will help me keep my credit report from getting a black eye, will it look bad to a lender when it comes time to refi? I've heard some people state that it shows on their credit as a "payment arrangement," which makes it look like a settled collection.
  3. I'm attempting to refi my VA loan, but since my new job doesn't begin until mid December, I have a little time to fix some issues. As of now, my middle score is 639, 1 point shy of qualifying, but the lender will do another pull when my job begins (for employment verification). 1 point...shouldn't be so hard. But with money tight, yesterday I placed my student loans in forbearance to avoid missing a payment. I have two loans (Nelnet and ACS) currently, both have been delayed until next year, January. While my 'normal' FICO is not supposed to be affected (if it is please tell me), I know that there is a separate score used for mortgages. Did I just hurt my score under this calculation? *In other news, right after calling my SL lenders, the mail came. One credit card that I had a high balance on (775/1000) just raised the limit to 2500, so I think my util rate was significantly helped*
  4. I just got turned down by them...I was hoping to transfer some balances and shut down a few cards that jacked my rates... Their response: "Too many bankcards" talk about a catch 22
  5. What revolving account did you have at the age of 2? I only ask so I can through some resentment at my parents, and would consider doing something for my little one.
  6. Federal law trumps state law. You can't use the FDCPA with state law, it is a federal law. So, once again, it fails. they are both on the consumers side. The state SOL changes the legal status of the debt. Because the legal status is changed it also is a violation of the FDCPA to sue. These would probably be argued seperately by a lawye, as thy are two seprate issues. We agree again. We don't agree at all. Don't be funny. not being funny, they are in fact two seperate issues...I agree with you on that point.
  7. I eel like 'm going off on tangents again. The mere reporting/updating/verifying is a collection attempt (per Sullivn) Collection attempts past State SOL is against State law...but you state that FDCPA trumps State law...this is actually the arguement I was looking for, and could very well derail my entire process if true. Give me a sec to look at the FDCPA again
  8. Federal law trumps state law. You can't use the FDCPA with state law, it is a federal law. So, once again, it fails. they are both on the consumers side. The state SOL changes the legal status of the debt. Because the legal status is changed it also is a violation of the FDCPA to sue. These would probably be argued seperately by a lawye, as thy are two seprate issues. We agree again.
  9. That is why the Sullivan case is so mportant. It states that communication (reporting/verifying) is anattempt to collect a debt. Because it is a collection attempt, the states SOL on collection takes hold...and why it will be different SOL for every state
  10. What I'm saying is that state law determines if you can use this method. Some states may not, ours is so dry to read, that I don't want to attempt th other 49. The reason state law applies, is that the stae determines SOL.
  11. Also true, this process would not hold up against the OC, just a CA from what I can tell. But you can always bluff the OC. Ifit's past SOL, an the OC has charged off the account, then you should be safe from legal repercussions. This only works Against a CA past SOL I'm too tired to think straight A data furnisher can either be an original creditor or a collection agency. Your distinction fails logic in this case I am afraid. This is where the wording of your specific state statutes comes into play. Mine specifically states that no attempt to collect any debt is allowed past SOL.
  12. Whether he is making his case in a professional manner doesn't mean it has teeth. It doesn't. Stands the test of creditboarders? How many creditboarders does it take for you realize it hasn't passed the test? what have you said? That the case is about disputing...I agree with that, but that's not my point That CAs attempt to collect a debt past SOL? Also true...they also file bogus lawsuits, thus, they are not a good example on how to follow the law. That they CAN try and collect? Yes, to use your example...you CAN rob a bank...that in no way mkes it legal, but you can. The law will be used against you if caught. Same with the CA...give them every oppurtunity to do the right thing, if they won't listen, finda lawyer. There's more I'm sure.
  13. Also true, this process would not hold up against the OC, just a CA from what I can tell. But you can always bluff the OC. Ifit's past SOL, an the OC has charged off the account, then you should be safe from legal repercussions. This only works Against a CA past SOL I'm too tired to think straight
  14. Thank you Stang...And this is pretty much the whychat process, I just read further into the laws and cases that were cited so I could see where he was comig from. Now I see why it works, or should work. I did not want to bring up his name if there was a hole in the logic, as I have no problem being the bad guy. But I will give him all the credit if this stands the test of creditboarders.
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