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more questions - Can anyone help?
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Posted by sherry
(205.188.209.144) on February 22, 2004 at 02:19:01:
Several questions I have thought about....
1. Is it true that if a debt is charged off, no more interest can be added? If requested, does CA have to provide proof that debt was charged off?
2. If I try to settle to protect my credit, what percentage is a good starting point for negotiation?
3. Because of my DISMISSED ch. 7 - 7 years ago - the CA has all of my info. on all accounts listed. What is to stop them from buying up all of my old debts and extorting the money from me?
4. If they only bought the debt for 2-10 cents on the dollar (I thought I read that was the usual amount), will they really sue me, or should I just wait another couple of years until the SOL is up, and ignore them?
5. If debts fall off report after 7 years (even though this isn't NOW on my credit report), can credit bureau add new info to report about debt they are trying to collect on? I appreciate any help anyone can give me...I thought I was doing a good job at rebuilding my credit and now this has come up and got me very worried. THANK YOU!!
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