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Re: Settlement or Charge-off?"John" confused


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Posted by Why Chat on January 23, 2002 at 08:32:22:

In Reply to: Re: Settlement or Charge-off? posted by John on January 23, 2002 at 00:41:02:


There are TWO kinds of SOL's -One is 7 and 1/2 years for CREDIT REPORTS. This one CAN be reset if a payment is made AND the collection agency reports the debt as "brought current",the other SOL is for filing suit, this one CANNOT be updated as the dating starts from the INITIAL default date.


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