Sunday, April 10, 2005
CREDITWRENCH America's non-expert on credit
In various postings around the internet, CREDITWRENCH CEO Bill Bauer claims to be Americas foremost credit expert.
However, in a discussion yesterday he was unable to answer a simple question on the Statute of Limitations of a debt; his own.
Is it important to know what the status of a debt relative to a states statute of limitations? It's probably the single most important piece of information one should know regarding their defaulted debts. It can be an absolute defense in case a suit is filed, it triggers certain protections afforded by the FDCPA and state laws, and in some instances it actually eliminates the debt.
CREDITWRENCH CEO Bill Bauer claiming to be America's foremost credit expert is false and misleading.
However, in a discussion yesterday he was unable to answer a simple question on the Statute of Limitations of a debt; his own.
Is it important to know what the status of a debt relative to a states statute of limitations? It's probably the single most important piece of information one should know regarding their defaulted debts. It can be an absolute defense in case a suit is filed, it triggers certain protections afforded by the FDCPA and state laws, and in some instances it actually eliminates the debt.
CREDITWRENCH CEO Bill Bauer claiming to be America's foremost credit expert is false and misleading.
