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Re: Why Chat
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Posted by Tom
(24.47.22.209) on May 10, 2002 at 23:10:45:
In Reply to: Re: Why Chat posted by Why Chat on May 10, 2002 at 21:39:33:
I have a motorcycle now that I bought last year and had no problem getting insurance for it and I switched to State farm where I have my cars and got that with no problem either. I don't think I will have any trouble as far as insurance on a new bike (current one is an 87 Ninja 750 which I got to learn on) but I wanted to know the likely hood of being sued for either the 1,306 or 600 dollars. I live in NY and I think the SOL is 6 years? These chargeoffs are scheduled to come off my reports in 2006 which means 2005 would probably be the end of SOL. Just trying to figure out if I should pay them first then get the bike even though it will likely restart the 7 year clock OR if they were not likely to sue and get a judgement for a lein on the bike because of the small amounts involved take a chance and buy the bike and hope they don't sue. Obviously I don't want them to put a lein on it so what would your advice be? Do I pay the chargeoffs first or do you think that they would not be likely to sue over small amounts like that. Thanks again.
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