Re: advice needed
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Posted by Why Chat (220.127.116.11) on September 27, 2002 at 15:09:43:
In Reply to: advice needed posted by Darth Vador on September 27, 2002 at 13:12:47:
As I posted before, the contract you sign with this offer has the EFFECT of "re-aging" your debt bot for credt reporting purposes, and in many States for being sued.
So, even if you just use the "new" credit for a short time, and then either cancel the card or default, the ENTIRE "old" debt is back on your report for another 7 years,AND in some States you can be sued, as you have renegotiated your original debt in writing.
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