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Inent to sue sample letter

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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Tue Jul 22, 2008 6:04 pm  
Hey Cm, I did a little checking and found that it is suppose to vary by state. Some start SOL with the 30 days and others with the 180. It doesn't give where you can go to get those listing. It just says refer to your state SOL rules. Where could I get PAs.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 373



3902 Magic Points
 
 Posted on Wed Jul 23, 2008 9:03 am  
I tried to find somewhere that gave a firm answer (Google seems to have failed me ) and the general opinion I saw was this:

When does the Statute of Limitations start?


You might be asking yourself, "It has been such a long time since my "open account" has had any activity. When does my Statute of Limitations started ticking." The statute of limitations (SOL) is calculated by:


Take the date you last made a payment and add 6 months to this date.
Add the number of years of the statute of limitations in your state.

Example:
You last stopped paying on a credit card on Jan 15, 2001. The statute of limitations for credit cards (usually regarded as open accounts) in your state is 6 years.

The date at which you are "safe" from having a creditor sue you over this debt is:

Jan 15, 2001 + 6 months = July 15, 2001.
6 Years + July 15, 2001 = July 15, 2007

Therefore, a creditor cannot sue you for this debt after July 15, 2007
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goodnatured



Joined: 03 Nov 2007
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Posts: 2527



3657 Magic Points
 
 Posted on Wed Jul 23, 2008 11:16 pm  
I had one file a summons just weeks before the statute of limitations expired, these creditors do keep an eye on things, just because you have not heard from them does not mean that they have dissappeared. Just as we as consumers watch the sol, so do some of them.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Fri Jul 25, 2008 12:02 am  
I'm sure you are absolutely correct their good natured. Wouldn't I have recieved some kind of letter of phone call by now if they had done anything. I was thinking mine expired in May. Hopefully I am correct and they aren't doing anything else cause that was the last one I had to worry about.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 373



3902 Magic Points
 
 Posted on Sat Jul 26, 2008 12:33 am  
Just keep an eye on your CR I am sure that GN is correct that they would have tried to contact you if they were going to attempt to collect. Many times when CAs buy debt they buy it in chunks with many other ppls debt. Occasionally, accounts slip through the cracks and the CAs miss their chance to sue or, the account was sold without enough proof to win a small claims case. Other times the amount due just isnt worth filing a suit and paying someone to show up at the courthouse to argue with you.
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Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Sun Jul 27, 2008 12:40 am  
Thanks. I am going to check my CR here shortly cause at the end of July I have one that is suppose to fall off and I want to make sure that it does. Hopefully this is a nightmare that will soon be over.
 
erb1953



Joined: 31 Dec 2007
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Posts: 554



1026 Magic Points
 
 Posted on Sun Jul 27, 2008 3:12 pm  
Won't you be a happy camper, the long wait is finally over. good job.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Mon Jul 28, 2008 2:33 pm  
I sure will. Plus the stress of worrying about the SOL. Had I not run into such misfortunes as of late I would have gladly paid them to go away.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 554



1026 Magic Points
 
 Posted on Tue Jul 29, 2008 3:02 am  
Now once you are out of this mess, try not to get back into it. You have learned a hard lesson as we all have. Stay away from the credit cards. LOL
 
Guest







 
 Posted on Tue Jul 29, 2008 11:56 am  
That is actually my goal. Get rid of the couple cards we have. We will keep the discover because it seems a major credit card is always needed,whether it be for car rental, equipment rental or emergencies. All I gotta get rid of is Lowes and discover. Those were aquired from falling short on money to complete our home so we could move in. Someday I want to look back and say "glad that is over with"
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Tue Jul 29, 2008 11:57 am  
That is actually my goal. Get rid of the couple cards we have. We will keep the discover because it seems a major credit card is always needed,whether it be for car rental, equipment rental or emergencies. All I gotta get rid of is Lowes and discover. Those were aquired from falling short on money to complete our home so we could move in. Someday I want to look back and say "glad that is over with"
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 373



3902 Magic Points
 
 Posted on Wed Jul 30, 2008 7:09 pm  
While I can understand why you would want to get rid of all of your cards after bad experiences; I will advise that you still keep some tradelines open to maintain a good credit score. Credit is becoming more and more important everyday for jobs, and housing in addition to finicail needs.
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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http://homecreditrepair.hqforums.net/
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 554



1026 Magic Points
 
 Posted on Thu Jul 31, 2008 10:16 am  
I agree, just take the best ones and keep them.

How many credit cards should one have at any given time?
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1926



9601 Magic Points
 
 Posted on Thu Jul 31, 2008 12:26 pm  
This is what I heard and I do agree. We have a couple dept store crds like Lowes and sears. I want to be rid of those two just because it is too easy to use them. Basically anything we would buy there at this point would be a want and not a need so I don't want the temptation.
 
carol

carol

Joined: 27 Jun 2006
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Posts: 272



7874 Magic Points
 
 Posted on Mon Aug 04, 2008 6:59 am  
What I think is that using multiple credit cards actually increases our problem because it becomes very difficult to keep track on our spending. Moreover we need to pay annual fees for all these cards which add to our debt. So I always prefer to use only two credit cards. If you have too many credit cards, what I think is that you can close the newer ones rather than closing the older ones because the old ones add to your credit score.
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Keep in touch
Carol
 
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