Re: why chat-Consumer Credit attorney-told me Sol. info is wrong

Posted by LadynRed (199.91.33.254) on February 07, 2003 at 10:03:36:

In Reply to: why chat-Consumer Credit attorney-told me Sol. info is wrong posted by jorge on February 07, 2003 at 04:32:51:

I'm sure WhyChat can clear this up, but the SOL starts with the 'cause of action', that being the delinquency on the account. The only thing I've read where a letter is required is if you intend to use a restrictive endorsement on a payment. In that case you must first notify the creditor, in writing, in advance, that you are going to do so. I don't think this has anything to do with the SOL. Credit cards technically lasting 10 years ? With a judgment maybe, but I don't think so !

WhyChat will have all the precise answers :)

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