Saturday, January 29, 2005
Credit card debt
In a conversation with a debt collector, CREDITWRENCH CEO Bill Bauer stated:
"I seriously doubt that any state's SOL on a credit card debt is 7 years".
And, what does he list as his reference source for such a false and misleading statement? Creditnet and artofcredit!
In reality, there are numerous states who's SOL on credit cards extends beyond 7 years. The source for such information is best obtained from the individual states statutes themselves, not an online discussion board.
It seems that someone who lists his occupation as "Credit Repair" would familiarize himself with how to look up state statutes.
