Legal Question in Credit and Debt Law in California

I am dealing with Wells Fargo Card Services "Recovery Department." The original account with Wells Fargo Card Services which was an unsecured credit card (VISA) totaling approximately $20,000 has been turned over to the Credit Bureaus history as a "charge-off." Do I have any legal obligation to pay this subsidiary company of Wells Fargo Card Services which is going by the name of Wells Fargo Card Services "Recovery Department" in light of the fact that the account has already been placed in a "charge-off" status? What legal remedies are available to Wells Fargo Card Services "Recovery Department" to actually pursue the outstanding bad debt which has already reached "Charged-Off" status. Thank you.


Asked on 1/25/10, 5:03 pm

2 Answers from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

"Charging off" a debt is done for the tax write off. It is not a waiver of the debt and they still have the legal right to collection. If the debt is not barred by the statute of limitations, they can sue you to collect what you owe.

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Answered on 1/31/10, 8:41 pm
Melvin C. Belli The Belli Law Firm

Just because they charged it off on your credit report doesn't mean that you don't still owe it and that they can't sue you to collect it.

Good luck

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Answered on 2/04/10, 6:14 pm


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