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Interesting fine print


Cliff2009
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I received what I thought was just a credit offer but it reality it was a debt collection letter from Credit Am*rica. They are a JDB who purchased an old CC debt and they offer to reduce the balance and transfer the remaining balance to a new credit card with them. They also will add $100 to the available balance! Woo hoo!.

The interesting part is in the fine print on the back, they state. "If your present debt is outside of the SOL period then a lawsuit cannot be filed to collect this existing debt. The company does not currently intend to bring legal action to collect this existing debt even if the debt is within the applicable SOL period."

They go on to give you a pitch why it is a good thing to go ahead with their plan. Interesting!

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