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Originally Posted by heraclitus When collection agencies purchase charge-offs from debtors, does it renew old debt? | Nope. Though you don't say what you mean by 'renew', the purchase or assignent of a debt to another does NOT reset the SOL clock or the reporting clock (on your credit report). Quote:
I have ignored payment requests for 5-7 years and am starting to rebuild credit now. I am receiving a flood of new collection notices prior to new bankruptcy law taking effect.
Am I exposed?
| If the SOL has expired on the debt, you can simply ignore them or you can send them a 'cease and desist' letter. For a sample of this letter, go to: [url]www.creditinfocenter.com/forms/[/url]
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There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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08-21-2005, 10:47 AM
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