Re: assigned 2 years after chargeoff?
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Posted by JerNTN
(188.8.131.52) on June 03, 2004 at 09:14:04:
In Reply to: assigned 2 years after chargeoff? posted by sudburygirl on June 03, 2004 at 08:56:51:
Charged off accounts remain on your credit report for 7 years as a negative entry. The original creditor CAN attempt to collect the debt any time before the staute of limitation expires. They can also ASSIGN the debt to a collection agency to collect on their behalf or the OC can sell the debt to a CA. Just because the debt was charged off doesn't mean that the debt will automatically go away.
You really need to read all you can and educate yourself on your options. I wish I had discovered this forum years ago.....
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