CA buy back post SOL

Discussion in 'Credit Talk' started by FreeTrish, Mar 23, 2005.

  1. FreeTrish

    FreeTrish New Member

    An open account past sol was sold by the original ca to another ca. Then the original ca "bought" it back from the 2nd ca as a newly purchased account.

    The original ca's new letter states that this new debt will to reported to all cra's etc....

    It's outside sol and re-aged.

    Any advice?
     
  2. ontrack

    ontrack Well-Known Member

    Is it outside SOL for legal action, or outside the 7 year period from first delinquency for reporting?
     
  3. FreeTrish

    FreeTrish New Member

    both
     
  4. pd11604

    pd11604 Well-Known Member

    Send the CA the validation letter
     

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