Under FTC Settlement, Debt Buyer Agrees to Pay $2.5 Million for Alleged Consumer Deception I mentioned this a few times, and was always asked where I found it. Guess what, when I was looking up the CFPB/FTC divisions of powers, I found it. Page 10; paragraphs 30-34. Even though in 48 states the debt isn't extinguished, them not mentioning that the debt is time-barred, to entice into entering into a payment arrangement to re-start the SOL was a false & misleading representation. "If consumers knew, in connection with a past-statute debt, that Asset had no legal means to enforce collection of the debt, or understood that making a partial payment or a written to promise to pay would revive it, some consumers would likely choose not to make a payment or a written promise to pay."
