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What is the name of your state?CA
Quick rundown of my case so far:
I had a Citibank credit card that the date of first default (DOFD) was 7/2000 (last payment to Citibank was 6/2000). Card was charged off (possibly around 12/2000) and sold to Asset Acceptance(AA). I made 2 payments by check over...
What is the name of your state? CA
Early April 2005 received summons from ASSet's lawyers (Bidna & Keys) stating they were taking me to court for credit card debt to Citibank. I answered the summons within the allotted time (basically denied everything) and sent the lawyers a debt validation...
Question to Debt Guy/Anyone - SOL reset on payment to CA?
What is the name of your state?I am in the state of California and had a Citibank credit card that the date of first default (DOFD) was 7/2000 (last payment to Citibank was 6/2000). Card was charged off (possibly around 12/2000) and...
Everything I have read on this board leads me to believe the SOL starts the last payment or activity (charge) on the account. A CC company usually will leave it open and charge you late fees and interest for another 6 months or so and then finally chage-off the account and sometimes sell it to...
So if a CC company gives you a CC and you stop making payments, once they stop extending you credit, the account is closed and the SOL starts. So since the account is closed, making a payment does not open the account and restart the SOL ??? And what happens when it is sold to a collectin...
I did find these 2 codes under CA Code of Civil Procedure:
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=ccp&group=00001-01000&file=350-363
I did a search and saw that one poster stated that using 360.5 as long as he didn't sign anything to the CA (just a check according to my friend)...
What is the name of your state?What is the name of your state? CA
I am trying to help my friend who recently was served papers from Asset Acceptance on a debt collection from Citibank. From all his records, the last activity (payment) to Citibank was 6/2000, I assume it was written off...
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