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Re: New here and trying to understand the terms being used?


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Posted by LadynRed (68.32.101.73) on January 11, 2004 at 19:26:10:

In Reply to: New here and trying to understand the terms being used? posted by TXMomy on January 11, 2004 at 19:21:41:

CA - Collection Agency
OC - Original Creditor
SOL - statute of limitations, usually referring to the legal enforcement of debt collection time period.

and..

CRA - credit reporting agency, aka credit bureaus


You may or may not need a lawyer if you've been served. It really depends on you and your comfort level with things legal.

If you look for WhyChat's "NEWCOMERS" post, you will find links on his site for how to answer a lawsuit for debt collection.




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