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Collections Law/Credit card debt
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Question
I have an old credit card debt that has been charged off for several years. Original debt was 9000.00. The agency that bought the debt has reported to credit bureaus that I owe 19000.00 with the last report 7/2009. Now here is the kicker the debt was past the SOL of 3 years in Louisiana. Only recently did I discover this and in 2/2007 made a payment. Did I reset the SOL?
Under FDCPA you did not reset the SOL. I don't know about Louisiana law. You would have to consult an attorney or look up the law yourself. I'd also be very suspicious about the 3 years for the statute of limitations. Credit cards are written agreements, not open accounts as so many believe. You had better find out about that too.
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Answers by Expert:
Creditwrench
Expertise
Debt Collections law, Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), federal law, how to properly answer court summons for collection cases, how to prepare federal cases against debt collectors, how to deal with debt collection phone calls.
Experience
I've been an active consumer advocate for more than 40 years and have helped hundreds of people win cases against debt collectors as well as helping them defeat demands for summary judgment lodged against them by banks, debt collectors and defeat mortgage foreclosures and keep their homes.
Education/Credentials
Paralegal courses for the most part.
I have been teaching people how to deal with judgments, mortgage foreclosures and other such problems both on and off the internet for many, many years. I am a Richard Cornforth information provider ever since 2000 and worked with many other organizations and causes since 1980. I was Oklahoma State Chairman for the nationwide drive to defeat the Constitutional Convention which was proposed by various factions within our federal government such as the Council of State Governments and the National Organization of State Governors who were working hard to organize a Constitutional Convention to be held in 1995 for the purpose of rewriting our American Constitution to be more acceptable to the United Nations. I worked with Senator Charles Duke of Colorado and Senator Don Rogers of California and many others across the nation to keep them from getting the number of delegate states required to lawfully hold a Con-Con and we were successful. I have worked with many other legislative issues in Oklahoma and have always been very successful.
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