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charge offs

Discussion in 'Credit Talk' started by bigmon, Jul 14, 2002.

  1. Jul 14, 2002 #1
    bigmon

    bigmon Well-Known Member

    I have 16 charge offs a year old. I'm planning on disputing them. After reading the boards it looks like I should only dispute 4 at a time to avoid it being frivilous. Am I reading things correctly?
     
  3. Jul 14, 2002 #2
    Manequinne

    Manequinne Well-Known Member

    Hi,

    I would say 4 is about right (maybe someone has had success with more).

    I know that sending too many will get your disputes labeled as frivolous.

    I wonder, is the SOL far enough in your state that they won't try to come after you for payment?
    You said they were 1 year old?
     
  4. Jul 14, 2002 #3
    mindcrime2

    mindcrime2 Well-Known Member


    At one year old, the SOL isn't up in any state. Shortest SOL is 3 years for open accts.
     
  5. Jul 14, 2002 #4
    Manequinne

    Manequinne Well-Known Member

    Yes, I knew, I worded it incorrectly.

    Thank you for clearing it up for me :)
     
  6. Jul 15, 2002 #5
    Butch

    Butch Well-Known Member

    Dear Bigmon,

    Don't forget you will be waking up some giants when you do this.

    :)
     
  7. Jul 15, 2002 #6
    bigmon

    bigmon Well-Known Member

    Thanks for the responses. I'm in CA and the SOL is 4 years. I am concerned about waking up sleeping giants, but most of the advice I've gotten is I'm too far away from the SOL to wait. My total amount due is 90k. If they get too pushy I'll just go BK and start over.
     
  8. Jul 15, 2002 #7
    Butch

    Butch Well-Known Member

    Dear BigMon,

    By all means take your time. There is tons of reading and studying to do before you take action on debt of this size. BK should be your last resort, if at all possible.

    Take a month and just read and ask questions. Though already in the Financial Planning business I've learned so much from this board and I feel I've barely scratched the surface.

    I signed up about 7 weeks ago. So far the "stack of stuff" I've printed is 2 feet high, just to give you an idea.

    Keep us posted.
     
  9. Jul 15, 2002 #8
    enigma

    enigma Well-Known Member

    "I signed up about 7 weeks ago. So far the "stack of stuff" I've printed is 2 feet high, just to give you an idea."

    Butch,

    Don't print the stuff out. Save a couple of trees and your toner or inkjet.

    I save the pages to a file on my hard drive. That way I can import it into a freeform database to search on what I need. It makes it a lot easier to keep track of the stuff.

    Enigma
     
  10. Jul 15, 2002 #9
    Butch

    Butch Well-Known Member

    I would love to know more about the "freefrom DB".

    :)

    I usually sit in front of my puter screen till my head explodes. Then I read paper with my trusty highlighter in hand. I pitty the poor B%Astd that takes me to court.

    LOL

    Should put this on top 10 addict signs.
     
  11. Jul 16, 2002 #10
    Igotarock

    Igotarock Well-Known Member

    I'm right there with you, Butch! Should have bought stock in paper and highlighter pens!!
     
  12. Jul 16, 2002 #11
    creditman

    creditman Well-Known Member

    I have gotten sneaky. I just cut/paste the info in word. I try t combine the topics into a separate word doc. have a doc for law suits, 30 day lates, court cases, etc.

    I have an IPAQ, too. transfer the docs there to read when I get a sec....
     
  13. Jul 16, 2002 #12
    chargedoff

    chargedoff Well-Known Member

    I am more like creditman, cutting and pasting in word documents...
     

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