Legal Question in Credit and Debt Law in New York

sol on charge off's

I left U.S in August of 1992 due to financial and family reasons and returned in August of 2001. I have recently received a letter from Risk management alternatives that they now have bought the account and will collect on it.

what is the statute of limitation ont heir taking such action and while i would like to clear my credit i do not wish to deal with these but rather the original creditor

which they have not listed on their coorespondence.

Please let me know where i stand.

Thanks

--name removed--Arfa


Asked on 9/05/02, 1:57 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: sol on charge off's

The statute of limitations on a debt is four years from the date of default. However, the statute stops running while you are out of the country, and so it picked up again when you returned.

You will have to deal with the collector who now owns the account. They have to identify the original creditor if you dispute the debt and ask for that information in writing, within 30 days from the date they first contacted you.

Read more
Answered on 9/05/02, 3:26 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in New York