Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

Re: Charge off & Sol...


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Keyser Soze (205.188.116.136) on March 19, 2004 at 22:52:04:

In Reply to: Charge off & Sol... posted by scared sick on March 19, 2004 at 22:13:56:

You can find SOL for your state and any variations of 'chargeoff' on this site.

Typically, the bank must chargeoff your account no later than 180 days after date of default, defined as date payment due was missed and not made up. You miss February, pay March and April, then stop payment entirely without making up February, Default starts in February, 180 days after that is Chargeoff.
SOL starts to run - generally - on the default date, not the chargeoff date.

Inventive types, such as legendary Palm Beach County, Barrister, Honorable Hugh Brett Shafritz, Esq., of F.A. Management Solutions, and renowned firm of Shafritz and Dinkin, P.A., have reportedly represented to the court that SOL starts on chargeoff date.

Notwithstanding that missed payments result in denial of privileges, "HB" claims the client can make a payment or charge a purchase up until the chargeoff date. This is nonsensical in the opinion of reputable attorneys, bordering upon Fraud before the Court.

You see the advantage, however, to the CA. This buys an extra six months of time to file suit after SOL has run. That is, if they can fool the judge. Most judges aren't so easily fooled.

Remember, CA's will say and do anything - anything - to get money. They are worse than junkies with a mile long Jones.

Ignore all that they say, report them to every agency having oversight, say little to them, and be very careful about putting anything in writing to them. Treat them as the enemy, for that is what they are. You're better off going for a joyride with Frank Booth than discussing anything with a CA.

Carefully,

Keyser Soze

"We're taking our neighbor for a joyride."
- Mr. Frank Booth, "Blue Velvet", c. 1986
David Lynch


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright © 1999-2004 Enkephalos Web Design