Posted on: 09th Apr, 2010 06:01 pm
I had a 1st & 2nd mtg with the same company and last year my first was modified however I just found out the second was charged off. I never received any information about it, I had just assumed that they lumped the first and second together. I never received a 1099c or any attempt to collect. What is the statute of limitations for the collection agency to send collection notices? I called the lender and they said it was sold to an investor and they had no information available to give me for them. I'm trying to get this removed from my credit report. What can I do?
Hi charlemagne,
If your debt has been charged off, then the collection agency will contact you and collect the dues from you. You won't be able to remove it from your credit report unless you pay it off. As far as the statute of limitations is concerned, it varies from one state to another. You need to contact a lawyer and he would help you in this regard.
Thanks
If your debt has been charged off, then the collection agency will contact you and collect the dues from you. You won't be able to remove it from your credit report unless you pay it off. As far as the statute of limitations is concerned, it varies from one state to another. You need to contact a lawyer and he would help you in this regard.
Thanks
Hi,
You cannot remove it from the credit report until and unless it is paid off, what you can do is consult a real estate attorney who can guide you further and you will also get the information of the statue of limitation of your state.
You cannot remove it from the credit report until and unless it is paid off, what you can do is consult a real estate attorney who can guide you further and you will also get the information of the statue of limitation of your state.