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What is Chase doing?


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I have an alleged line of credit that is in default. I'm approximately 1.5 years from the sol expiring. It has not been sold, very little collection activity. Passed to an out of state CA who validated after I sent a DV letter. I've read about their legal trouble, could they really let the sol run out on this one?

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That is a question that has no answer. A lot of things may happen that can trigger a lawsuit. They monitor your CBs for any new activity. This includes any payment activity on other accounts, new loan applications and even job related activity. Sometimes it seems completely random. Even though sending a timely DV will protect you future rights it can also trigger a lawsuit. It lets them know exactly where you live and that you are alive. 

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