Old Charge-Off Debt Help
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Posted by Sean (66.224.33.38) on March 30, 2002 at 12:59:01:
Linda and others, I have been watching here and good advices!!! Thx. I have about 6 year old $3100(last deliquency in November 1996 and charge of in April 1997) credit card debt and in Oregon. SOL in Oregon is 6 years. I am financially in good shape and could pay the amount. But, collection agencies several times bought and asked for money in ~$6000. Now, is it wise to settle or wait for SOL to expire than settle? I would like to buy a home and remove this from credit records. And, SOL starts from last deliquency date, not charge off date, right? Thanks for help!
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