Ask Experts Questions for FREE Help !
Ask
    Enewbe7985's Avatar
    Enewbe7985 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 27, 2008, 02:03 PM
    Charge Off debts
    In 1997 I opened an account with a bank. On my credit report, the bank has posted the account as an "charge off" and a written bad credit. 2007 the account was closed.

    A Collection agency has sent me a summons to appear(or not) for payment and fees.

    Does the Statute of Limitations start at the close of the account(2007)? Can the collection agency send me a summons from the City Court of the town where I live?

    Enewbe7985
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jan 27, 2008, 02:10 PM
    Generally, the SOL goes from the last activity on the account. And normally a suit would be filed in the county you reside.

    Note also that the bank charging off the debt has no impact on your obligation to pay that debt.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Ex's debts [ 3 Answers ]

How can I leagally avoid paying debts from the 1990';s that my ex refuses to pay. They are all over 7 yrs old

Old debts [ 2 Answers ]

I have 2 creditors that are just starting to call me about 2 old credit cards that were from like 12 or more years ago... these were both paid I highly doubt I have the proof that this was paid. Can someone advise me on how to handle this situation?

Debts [ 2 Answers ]

For the past 34 years I was married to a wonderful loving man. He passed away just 7 weeks ago. Needless to say he left me with a lot of credit card debts. And I mean a lot. My question: Since my name was not on these credit card debts and in fact I did not know about most of them until the...

What do I do about debts? [ 2 Answers ]

All of credit cards went to collection and total is 6. Can't pay debt since in school and make too little part time job. Debt range from $78 to many in the thousands (3500). Total credit default debt = 13000. Student loans good standing 40000. What to do? Afraid some collection agency can sue....

Old Debts [ 5 Answers ]

I was just notified by a collector regarding a debt I incurred in 1996.I have not received any prior notice.This was an Emergency Room bill. I do not keep records past 8 years. I have no idea of what if anything I truly owe or paid. Can they come after me after 10 years ?I am in Texas. Susan


View more questions Search