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Originally Posted by chane  Wouldn't it be kind of considered entering a new contract or like admitting you owe the debt with the CA if you paid them? Maybe I am thinking of something else. I get confused about this stuff. It's hard to keep it all straight. :o
As the owner of the site, I hate sounding like a newbie, but I'm here to learn as well as to teach. I've learned quite a few things from you, Trish. I appreciate all of your wisdom! |
Thank you, Chane
How did I know I was going have to explain this one more?......lol :p
It's been a long time since I've been on this subject.........BUT there are only a small handful of states that would restart the
collection SOL because of a payment to a CA. The reporting SOL will NEVER be re-aged by a payment to a CA......that would be illegal.
The ONLY way to restart the reporting SOL would be with the OC, before the acct is charged off. OCs are legally allowed to "re-age" a debt twice on the same account.