Re: Swindled?
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Posted by scott (65.25.97.197) on November 02, 2003 at 22:12:37:
In Reply to: Swindled? posted by Tiger on November 02, 2003 at 21:39:40:
After 5 years it is about 99% sure that BOFA sold the debt to the CA and they could not legally take any money from you. The SOL in your state on a credit card is 3 years. This means the CA is now powerless. All they would do is change the tradeline to a paid collection and even if you paid them there is nothing that can be done with the bofa account. You would not help your credit one bit by paying and would basically be throwing your cash down the toliet.
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