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Re: Linda/ Ladyn Red Help please


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Posted by Why Chat (209.240.198.61) on January 29, 2003 at 22:03:18:

In Reply to: Re: Linda/ Ladyn Red Help please posted by Sloane on January 29, 2003 at 21:48:54:


You DO NOT restart ANY SOL by making a payment. If someone posted that on this site - they were mistaken.

Many States have VERY specific rules about a consumer waiving their rights, Ca among them. The ONLY way a CC SOL can be reaged is if you enter into a new signed LEGAL contract with full disclosure of your waiving of your rights.

Some few States do consider a signed check as a waiver of rights but that is only for a WRITTEN contract, and NEVER for a consumer agreement. The story of reaging of SOL by paying or even agreeing to pay is a MYTH fostered by CC companies.

If your charge-off date was in 2001, your last payment to the OC would have been some 4-6 months BEFORE-- that is the start of your 4 year Ca SOL.

If the CC was from a "pre-approved" or internet or telephone application, where you did not have to actually sign an application, your SOL in Ca is 2 years.

Check your Experian report, see what the date is that they show for the account to come off. Deduct 7 years and 1 month from that date and you will have your start date for SOL.


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