DH disputed a Chase credit card as "not his" because he never had a Chase card (turns out it was an old Washington Mutual debt that Chase bought). So, he gets a copy of his check from 2006 showing WAMU and a letter saying he needs to sign it and return it. It's an "Acceptance of Liability" form and states, "I did, in fact, apply for the credit card referenced above...I certify that I am no longer disputing my liability for this account and further certify that this account was not the result of a fraudulent application." I am loathe to have him sign this and don't think it's necessary. But, I've never seen this before so figured I'd ask for info here. Is this something new credit cards are doing? TIA
No, DO NOT have him sign that! In most states, the SOL for credit card debt is 3 to 5 years, and therefore, the debt is out of SOL and you cannot be sued on it. However, in some states, agreeing to pay or acknowledging the debt (such as by signing this document) will reset the SOL and allow the creditor to sue, get a judgment, and begin garnishing wages, levying bank accounts, and placing a lien on your house (if he is on the deed).
Sneaky, sneaky. Thanks for confirming what I thought they were fishing for. Into the circular file it goes.
