Reader Questions

When Does The Clock Start Ticking on Time Barred Debts? – Jen

I have no statements from collecion agencies. First is Providian. charged off 2003. They sold accout to KnightsBridge (Ohio), settled with them in 2009, they are out of business. All I have is my banking history.

Now Midland Financial is demanding money. I have sent a VOD letter, not heard anything back. Next one, 2002 charged off with Capitol One. Sold account to Mitchel N. Kay attorney office settled with them. I have my banking history. That office has no record back that far, (2005). Now Accept is calling me.

My question is regarding time-barrred debt. Does the clock start with the last payment with the original debt, or with the collection agencies, which I settled on both.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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