longstreet169 Posted May 9, 2003 Report Share Posted May 9, 2003 I have been sent an amount owed for cc debt by oc for 5,500.I made a settlement offer for 3,000.Before they replied I received letter from their attorney demanding 8,900 and immediately sent DV.Now have received letter from oc agreeing to offer letter if paid in full which I cannot do.My question is can my offer letter be used as an agreement to pay?Here's the kicker, SOL has already run out!!!! Any suggestions. Link to comment Share on other sites More sharing options...
lisak72 Posted May 10, 2003 Report Share Posted May 10, 2003 <blockquote>Originally posted by longstreet169I have been sent an amount owed for cc debt by oc for 5,500.I made a settlement offer for 3,000.Before they replied I received letter from their attorney demanding 8,900 and immediately sent DV.Now have received letter from oc agreeing to offer letter if paid in full which I cannot do.My question is can my offer letter be used as an agreement to pay?Here's the kicker, SOL has already run out!!!! Any suggestions.</blockquote>If you know and can show that the SOL is up on this, then why are you offering to pay? Why aren't you just sending attorney, CA and OC all a letter stating that the SOL is up and here's my proof! This just shows that they can't sue you for the debt. Then if you want to settle with negotions for it to be removed, etc, they will likely settle for less since they know legally they can't force you for more. Link to comment Share on other sites More sharing options...
longstreet169 Posted May 10, 2003 Author Report Share Posted May 10, 2003 prior to sending letter I was not aware SOL was up..Hello,and as for suing they can after SOL yet you must appear and use SOL as defense to win Link to comment Share on other sites More sharing options...
bingo Posted May 10, 2003 Report Share Posted May 10, 2003 To have a written agreement, both parties need to sign the new agreement. Here is a site with Ca. Sol statutes and a suggested SOL letter. http://community-2.webtv.net/Y-Chat/WhyChatsCredit/page10.html Link to comment Share on other sites More sharing options...
Recommended Posts