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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Thu Nov 20, 2008 4:45 pm
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| Still a bunch of crap. I still would think that there has got to be a SOL on the time they have to take this in front of the judge. Seems to me it has been too long already. I think I remember you were going to ask the forum. Did you? If so what was the response? If you did not get one then I would call the atty or courthouse and see if there is one. You could get it dismissed. There is a law out there for the debtor about not threatening legal action unless they intend to persue it isn't there? |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Wed Nov 26, 2008 2:12 pm
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They are not allowed by law to threaten you with legal action if they have not intention of pursuing it. But you never really know if they do intend on doing it or not. How can you tell? I think they get a person in a bind when they make these threats, people panic and react and start paying on the bill starting the statute of limitations all over again.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Thu Nov 27, 2008 12:30 am
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| They are known to not follow any rules. A lot of these places violate the fair debt collectios act and never get in any trouble for it. People need to start reporting them. I just do not see how it is fair to threaten a lawsuit if they know they can not or really do not have a case. I think you hit the nail on the head GN. I think thats exactly why they do it (payment to restart SOL). |
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mike.lee
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Subject: re-aging
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Thu Nov 27, 2008 7:34 am
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| Re-aging sounds like fraud. |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Tue Dec 02, 2008 5:26 am
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Hi Mike
Reaging is not illegal and there are Federal Government guidelines regarding re-aging of accounts. These guidelines are set up by Federal Financial institution Exam Council which provides recommendations regarding the control over the Financial institutions across US. As per FFIEC guidelines regarding credit card accounts, reaging can take place only if the following conditions are satisfied:
- The debtor must agree to reage the account and he should have the ability to repay the outstanding debt
- The credit account should be at least nine months old and the account is not reaged within the last 12 months.
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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Tue Dec 02, 2008 5:38 am
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| What is account reaging? Can anybody explain it to me in details please. Will it help to improve my credit score? |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
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Tue Dec 02, 2008 5:53 am
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Reaging of your credit account means that the creditor sets your delinquent account into current status. This means that if you are delinquent for four months and you make the creditor agree to re-age your account, the four months late mark will disappear from your credit report and your credit score will improve. But there are Federal guidelines regarding reaging of your account and most creditors generally agree to reage your account. However, if you sign up for a debt management programs, creditors generally agree to reage.
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Carol |
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sonny
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Subject: fixing my credit my self
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Wed Jul 01, 2009 12:12 am
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Do anyone no were I can goto on line to fix my credit my self? you can email me at s.holden21@gmail.com
Thank you |
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Drake98
Joined: 25 Jul 2009
Drake98's page
Posts: 14
299 Magic Points
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Subject: hi
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Tue Aug 11, 2009 5:01 pm
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| i think fairyone is rite....... |
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