Hello all,
I am trying to repair my credit so that I may purchase a house in the near future. I am just starting with the repair process and I am overwhelmed.
I called a CA in an attempt to resolve one of the smaller debts but when I was on the phone they brought up another debt (old one) that I didn't realize they were in charge of. They asked me if I wanted to talk about that one and I said no, but then she played a recording which went way too fast and said something about me sending them a letter within 30 days.
I ended up settlement on the one I called for but I'm worried that I may have restarted the SOL on the other (larger) debt, which was supposed to fall off the reports later this month.
In your opinion, should I be worried about the debt reappearing on my report, and if so, can I prevent it?
collection agency
Hi Absalon,
You have settled one debt (the smaller one). However, you have not talked or agreed to pay the second one. So, you need not worry about restarting the SOL on this debt.
Thanks,
Aaron