sassynclassy Posted September 7, 2010 Report Share Posted September 7, 2010 Hey Everyone, I have an old CC account. The account has been closed since 2005 and the last time I made a payment was in 2006. I'm not worried about being sued. The CC company is real sheepish. The account has been charged off since 2007 but it hasn't been sold to a JDB, it just keeps bouncing from CA to CA. Is that normal? For it not to have been sold after 3 years? Link to comment Share on other sites More sharing options...
inthesticks Posted September 7, 2010 Report Share Posted September 7, 2010 Hey Everyone, I have an old CC account. The account has been closed since 2005 and the last time I made a payment was in 2006. I'm not worried about being sued. The CC company is real sheepish. The account has been charged off since 2007 but it hasn't been sold to a JDB, it just keeps bouncing from CA to CA. Is that normal? For it not to have been sold after 3 years?Depends on the OC. I have one (C@p1) that was charged off in 2007 that they have never sold. From what I've read that is typical for them. Now I'm being sued by OC. Link to comment Share on other sites More sharing options...
vballchick Posted September 8, 2010 Report Share Posted September 8, 2010 It's pretty normal to be bounced around like a hot potato. Many OCs hold on to the debt and sue later. Is it a small amount? It might not be worth suing over. What is your SOL? You could be past it and use it as a defense. Are you sure they haven't filed anything? Link to comment Share on other sites More sharing options...
sassynclassy Posted September 8, 2010 Author Report Share Posted September 8, 2010 It's pretty normal to be bounced around like a hot potato. Many OCs hold on to the debt and sue later. Is it a small amount? It might not be worth suing over. What is your SOL? You could be past it and use it as a defense. Are you sure they haven't filed anything?I'm in Ohio so the SOL is anywhere between 6 and 150 years. I'm hoping they sell it soon. I can do battle with a JDB, never tried with an OC though. It's a small amount (a little more than 1K) and if they were going to sue me I think they would have done it already. Last I checked, they hadn't filed anything. The last time they sued someone in my county was five years ago for 4K. I think they're just hoping I'll pay it because I was a 'strategic' default, I stopped paying them when I realized I had already paid them what I'd charged to the card plus interest a couple times over. The balance just kept going up with all the fees. Link to comment Share on other sites More sharing options...
FL4answer58 Posted September 8, 2010 Report Share Posted September 8, 2010 It's pretty normal to be bounced around like a hot potato. Many OCs hold on to the debt and sue later. Is it a small amount? It might not be worth suing over. What is your SOL? You could be past it and use it as a defense. Are you sure they haven't filed anything?IMO they hold on to them until the interest and fees that rack up make it more attractive for their effort. Link to comment Share on other sites More sharing options...
sassynclassy Posted September 8, 2010 Author Report Share Posted September 8, 2010 IMO they hold on to them until the interest and fees that rack up make it more attractive for their effort. But in this case, the balance isn't increasing. Link to comment Share on other sites More sharing options...
nobk4me Posted September 8, 2010 Report Share Posted September 8, 2010 I'm in Ohio so the SOL is anywhere between 6 and 150 years. I'm hoping they sell it soon. I can do battle with a JDB, never tried with an OC though. It's a small amount (a little more than 1K) and if they were going to sue me I think they would have done it already. Last I checked, they hadn't filed anything. The last time they sued someone in my county was five years ago for 4K. I think they're just hoping I'll pay it because I was a 'strategic' default, I stopped paying them when I realized I had already paid them what I'd charged to the card plus interest a couple times over. The balance just kept going up with all the fees.The SOL in Ohio is either 6 or 15 years. God, I hope it wouldn't be 150 years.And, it may be out of statute if the cardholder agreement has a governing law provision that specifies another state. Often the state law that governs is Delaware, SOL is 3 years.With Cap One it's Virginia, SOL is 3 years. Link to comment Share on other sites More sharing options...
FL4answer58 Posted September 9, 2010 Report Share Posted September 9, 2010 But in this case, the balance isn't increasing.I'd say let sleeping dogs lay. SOL. Link to comment Share on other sites More sharing options...
Linda7 Posted September 9, 2010 Report Share Posted September 9, 2010 The SOL in Ohio is either 6 or 15 years. God, I hope it wouldn't be 150 years.And, it may be out of statute if the cardholder agreement has a governing law provision that specifies another state. Often the state law that governs is Delaware, SOL is 3 years.With Cap One it's Virginia, SOL is 3 years.These are things I like to hear, but I keep being told that it comes back to the state you live in and trying to show Virginia's SOL won't hold up. Link to comment Share on other sites More sharing options...
Linda7 Posted September 9, 2010 Report Share Posted September 9, 2010 Deleted post - it hiccuped! Link to comment Share on other sites More sharing options...
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