statute of limitations or validation?

[lby]

What is the name of your state? KEntucky

Ive gotten a letter from a collection agency for a credit card debt that is now over 6 years old. And the amount of the debt is twice as much as what I originally owed. All I have is the debt letter with the mini-miranda at the bottom.

Should I send a validation letter? Or a statute of limitations letter? How soon is an account closed after non payment?

Thanks!

[bigun]

I'd send an SOL letter.
The important thing is, when you first went into continious default. Not when the account was closed.

[lby]

I went into default in june of 1997. But my credit report says "status of 2003, collection account"

[bigun]

Look carefully at the reports. Is the tradeline from the orginal creditor still showing a correct chargeoff date?

[lby]

the original creditor is listed but it says "closed in 2002" But I called the original creditor and they said the last payment was receieved in june of 1997, and the collector stated that same date as well.

[bigun]

Well, the chargeoff date from the oc show be showing. Nothing says chargeoff approximately 6 moths after 6/97?
Looks like this has been reaged.
I think I'd demand validation . You might also post at [url]www.creditboards.com[/url] about how to handle the reaging.