Re: How to find out "cause of action" states? re: Reage

Posted by Why Chat (209.240.205.61) on June 15, 2004 at 22:15:06:

In Reply to: Re: How to find out "cause of action" states? re: Reage posted by Houdi on June 15, 2004 at 19:23:10:

Your acceptance of the OC offer to "update" your account changed the start of your SOL to the first delinquency that preceded the SECOND chargeoff.

The requirements for a written agreement to "re-age" the SOL are for "refinancing" etc. in debt consolidation or in settlement agreements.

An OC is allowed to re-age an account ( no more than twice).

HOWEVER!! You still may claim the earlier SOL starting date, because your last payment on a USEABLE account was the Month prior to your earlier "180 day late".

I suggest you use the SOL letter from my website, and use the first date.You can add, this phrase"any subsequent payments that may have been made were on a closed inactive account".

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