Virginia  |  Credit and Debt Law

Legal Question

Asked on: 9/26/03, 12:11 pm

statute of limitations - credit card debt

Received a letter from a collection agency re:cc debt charged-off 12/90. Rang VA consumer affairs, told that there was no statute of limitations (SOL) on cc debt. Is this correct? If not, is it sufficient to send a letter stating that SOL has been exceeded and take no further action? Can the letter simply be ignored? Would responding by any method give them license to put this back on my credit report? Also, cc originally received in AZ, do the laws of that state also apply?

Payment is requested by 10/17/03, through their ''special offer'' to pay half original debt. Letter reads like a ploy, paying will ''inform credit bureaus of acct settlement''; ''stop collection call'' (haven't been any); let me ''breathe easier.'' This is my ''best opportunity,'' offer expires 10/17/03. Is this sent out in the hopes that one will be alarmed and pay, or should one be alarmed and arrange payment plan?

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