Cavalry has validated that they purchased my repo from Wells Fargo. They sent me a copy of the original documents with my signature. This loan is from Dec, 1996. WHAT ARE THEY GOING TO DO NOW? What should I do? Thanks in advance for any advice you can give me.
I have them on my report too. If CHOD doesn't work then I'm thinking Lexington Law firm. They will be the only ones left, so it won't cost me much.
Sounds to me like the only thing they validated is that you once applied for a loan, and that at one time youpromised to pay a loan back.. Do you think that is validation. And I thought SOL did not apply to student loans.. Or am I wrong about that
Yes, the SOL has expired. Should I sent them a letter stating this?? Can they still legally harass me?
There are several threads on this...trying searching on "affirmative defense", "statute of limitations", etc. I'm not trying to be rude, I'm just not sure what the answer is.
If the SOL has run, and the debt went delinquent in 1996, just send them a cease and desist letter and then either sit back and wait a few months for it to fall off your report, or continue trying to dispute with the CRA's. I don't believe the contract provides proper validation, so if you want to hold off on the cease and desist, you can write them back and tell them you need an accounting of each activity for the life of the loan. If they provide this, at least you will know exactly when it went delinquent and can make sure it falls off when it is supposed to. Good luck! L
