Subject: Can you reopen an old charged off account taken off credit?
Thu Sep 13, 2007 4:09 am
I had a charged off credit card that is now off my credit history since it has been 7 years but was bought by a collection agency. can i check on charged off date to see if it was sold within the Statue of Limitations without opening up that old charged off account? i don't want to make a mistake of calling and having it reopened.
Yes check your SOL. If it is out of it then I think there is no reason to reopen the account. Otherwise...if the account is within SOL then go ahead and pay off your debt. _________________ Regards,
Joined: 27 Jun 2006 carol's page Posts: 1299 Location: Los Angeles, California
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.