Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


Search the Community

Showing results for tags 'open account'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Intro & News
    • Please Read Before Posting - NEWBIES START HERE
    • CB gets Press!
    • CreditBoards Success Stories
    • Newbies Section
  • Creditboards Main Forums
    • Credit Forum
    • Medical Billing & Medical Collections
    • Bankruptcy
    • Foreclosures/Loan Modifications
    • Chexsystems Help
    • Debt Consolidation, Counseling and Management
    • Military Credit
    • Canadian Credit
  • Financing
    • Mortgages
    • Automotive Financing
    • Student Loans
    • Business Credit
  • Money Management
    • Money Management
  • Special Topics
    • VISA MC policies
  • Resources
    • Laws Laws Laws
    • Where can I Find?
    • CaseLaw
    • State Laws
    • Debt Collector Hall of Shame
    • Identity Theft
    • CreditPulls Database
    • Databases and Reference
    • Sample Letters
  • Misc.
    • General Discussion

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


ICQ


Jabber


Skype


Location


Interests

Found 3 results

  1. Does anyone know how a cell phone bill is classified? I have been googling for days and have yet to find a clear answer. The statue of limitations in my state is 10 years for written contracts and 3 years for open accounts. I have a 3.5 year old cell phone bill in collections (Midland) and I desperately need to know if the SOL has run out on this. Thank you.
  2. This question might have been ask before but I am so confused. I have several negative accounts some or open and some are closed. What is the difference and will this effect me trying to get these items removed? They are all medical.
  3. I was editing out some old IE favorite cred related links from years ago and came across this one from Citibank. then I remembered WHY I had saved this to favorites.... WHY CHAT is RIGHT - CC's are open accounts. it's an SEC filing where they are securitizing credit card accounts... and listing out what constitutes " Credit Card Recievables" .. http://www.sec.gov/Archives/edgar/data/839947/000119312509256880/d424b2.htm#rom33592_99 and if you scroll down to page 112.., they state to the SEC that the accounts are considered "accounts under ND UCC. " Eligible receivables are credit card receivables that have arisen under an eligible account, that were created in compliance in all material respects with all requirements of law and pursuant to a credit card agreement that complies in all material respects with all requirements of law, with respect to which all material consents, licenses, approvals or authorizations of, or registrations with, any governmental authority required to be obtained or given in connection with the creation of that receivable or the execution, delivery, creation and performance by Citibank (South Dakota) or by the original credit card issuer, if not Citibank (South Dakota), of the related credit card agreement have been duly obtained or given and are in full force and effect, as to which at the time of their transfer to the master trust, the sellers or the master trust have good and marketable title, free and clear of all liens, encumbrances, charges and security interests, that have been the subject of a valid sale and assignment from the sellers to the master trust of all the sellers’ right, title and interest in the receivable or the grant of a first priority perfected security interest in the receivable and its proceeds, that will at all times be a legal, valid and binding payment obligation of the cardholder enforceable against the cardholder in accordance with its terms, except for bankruptcy-related matters, that at the time of their transfer to the master trust, have not been waived or modified except as permitted under the pooling and servicing agreement, that are not at the time of their transfer to the master trust subject to any right of rescission, set off, counterclaim or defense, including the defense of usury, other than bankruptcy-related defenses, as to which the sellers have satisfied all obligations to be fulfilled at the time it is transferred to the master trust, as to which the sellers have done nothing, at the time of its transfer to the master trust, to impair the rights of the master trust or investor certificateholders, and that constitutes an “account” under the Uniform Commercial Code in effect in the State of South Dakota. So I guess Citibank CC's issued by the ND branch aren't considered "Written contracts " by the original lender..... and if Citibank isn't considering CC's to be written contracts, then state courts shouldn't allow Citi or the JDB's to file lawsuits under " written contract" statutes? We need to find a few more prospectus statements from other banks...

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines