I got a response from my Christmas surprise regarding my Gold Key Lease. A quick refresh, I got a letter from an Attorney and Counselor in December stating that I own $5,700 on a turned-in Gold Key Lease (Chrysler Financial). I turned this lease in Nov of '97. I sent the basic debt validation letter to the Attorney and on January 23rd I received in response a copy of a retail lease termination processing dated 2/12/1998. The SOL in Michigan is 6 years, retail and contract. I don't owe this money, and this Christmas was the first time I ever saw anything on this. As I stated earlier there is nothing on any of my CRs regarding this, in fact the GKL on my report is listed as paid as agreed, not lates, perfect credit history. There is no inquires from this attorney nor is there a collection listed. So here are my questionso I wait till 2/13/04 to response stating that the SOL is up?Can he post anything on my CRs regarding this debt? Can he try any legal action on my after 2/13/04? IF so what? Thanks to anyone who can help.
I receved two sheets of paper, one is a recap of charges with totals and secondary data which shows lease dates, turn-in dates my total mileage, the residual value which is less then what they say I owe. I mean really, can he get everything together in 8 days to sue me? What happens after 2/13/04? Could he report this to my CRs and have it on there one more year due to the 7 year SOL on CRs? Thanks to anyone who can help?
I found the found the following letter, I beleive I will respond with that: Dear Mr./Ms. Collector's Name, I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) about a certain debt that you are attempting to collect. I have checked with my State Attorney General and verified that the Statute of Limitations for collecting this type of debt in (insert your state or the state in which the contract was signed) has expired. Consider this letter as official notification to cease all contact with me in connection with this debt and, should you decide to pursue this matter in court, be advised that I will use the "expired statue of limitations defense" to have the case dismissed. I consider this matter closed and demand that you, or anyone affiliated with your company, stop contacting me regarding this or any other matter except to advise me, via official mail only that you have terminated your debt collection efforts or that you intend to take specific actions allowed by law.
My only concern is that they will try and post something to your credit report. You gave a "processing date" of 2/98, that means they could put it on your report until 2/95. I think you might want to continue with the validation (that's why I asked if they provided an accounting), at least for the time being.
Jlynn Retail lease termination processing was the title of the paper; it looks more like an invoice. Everything indicates that the invoice date is 2/12/98. "could put it on your report until 2/95"' do you mean 2/05? Don't they have to notify me that they are reporting this collection on my reports?
