Re: WhyChat please answer this, I'd appreciate it.

Posted by Why Chat (209.240.222.130) on August 13, 2002 at 19:53:08:

In Reply to: WhyChat please answer this, I'd appreciate it. posted by Melody on August 13, 2002 at 19:42:21:

Whoever told you this fairy tale is someone to avoid taking any advice from
The Federal Banking laws do not allow a cc company to do this. They MUST charge it off after 180 days, and that is ONLY if they have REAL reason to believe it will be brought current, otherwise it ranges from 90 to 120 days. If you go to my website, under misc. legal info. I have a link to the laws and rules that regulate how the cc companies must handle delinquent accounts.

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