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Buy Credit Card Debt

Posted on January 19, 2010.
Buy Credit Card DebtWhen a debt collector to buy your credit cards, that restart the limitation period?

I live in PA. When does the SOL? I heard it was when your last payment. But if it is seen out of debt and the collector buys it will restart the ground.

No, it will restart only if and when you start paying again. Once you pay a penny, it reactivates the account. If it went from prescription in the State you live now, and not the state or the loan they are, or government loan was signed, the state you now reside in the rental a lawyer to write a letter. That's less than $ 100.00 or less, and if it supports.

No. When a collector buys a debt (in legal terms, when the original lender assigns its rights to the debt), the collector "steps in the shoes" of the original creditor. Everything that applies to the original creditor, including the statute of limitations apply to the collector of the debt and transferee. In fact, the debt collector faces more restrictions than the original creditor. Debt collection must be consistent with the Fair Debt Practices Act collection, but the FDCPA does not apply to the original creditor.

The SOL begins on the date that you broke the contract. So if you were to make a payment on the first of each month and the last time you made a payment was April 1, 2001, and missed the May 1, 2001 payment, the SOL begins May 2, 2001 .

No, but can pay the amount due, then place this amount on your credit report and that in turn restarts the statute more, but they can not do this if it is outside the limitation period.
However, this practice is to fish a lot, I'm not sure if it is still illegal.

Pennsylvania 4 years 42 Pa. CS 5525 (a)
http://law.onecle.com/pennsylvania/judiciary-and-judicial-procedure/00.055.025.000.html

No, I do not think so. Collections is just another step in the process. The agency would then go to a lawyer for the legal procedure to have a ruling which is declared by the court.

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