Trust and Loans - Final notice from Deanne Natale aboutl stats barred line of credit. - Canada

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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby average_joe » Mon Jul 20, 2009 12:53:16 PM

The good news is the account can not be put back into your credit file and you can not be sued. The statute of limitation in Ontario to sue someone is two years, which your way past that. If you do not want to pay this debt; I would not admit over the telephone or in writing that you owe the debt, just in case you get dishonest bill collector and decides to change the date on the letter. If I were you; I would just walk away and never to business with the td ever again, because they will keep your negative information in their system for ever.
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby sunitas » Mon Jul 20, 2009 10:44:04 AM

Hi,

I found out that the last payment was made on July 2002. And the account was closed on Feburary 2003. I walk into a TD branch and the customer service rep of the branch contacted the debt revocery dept and obtained this information. Also the debt recovery Department said to the rep that they could reactivate this account if I want to make payment on it.
Since I have contact one of the branch does this mean the account reopened and a new SOL starts? I did not sign anything at the branch.

The more I try to look into this debt the more confused and stressed out I get. Also everytime I try to get some information on this account the more doubtful i feel if I am doing the wrong thing. If I am retarting the SOL clock. Example today I wnent into one of the branch and the representative contacted TD Debt recovery Dept for the account outstanding balance and date of last payment. Now the question is did I restart the SOL clock?

This debt recently drop off from my credit report. Can TD now add this bad debt again on my credit report since I have contact one of their branch. I did not write or sign anything?

Any advise will be great.

Thanks
Sunitas
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby average_joe » Sun Jul 19, 2009 09:18:30 AM

Sunitas,

When was the last time you made a payment on this account?
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby sunitas » Sun Jul 19, 2009 09:04:08 AM

Please advise ,

I have found out that the outstanding balance on this line of credit from the original creditor was $8900.00. Now Deanne Natale final notice requesting for me to pay $13000.00. My question is the debt buyer allowed to continue to charge interest on the bad debt written off and past Sol. Does interest still apply to this account even though the account closed and written off since the year 2003.

Thanks for any advise.
sunitas
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby average_joe » Fri Jul 17, 2009 11:27:27 AM

There is no way of getting rid of the debt, just because its past is sol. When was the last time you made a payment on this account? If you know when the last time you made a payment on this account was, then add years from that and it will come off your credit file.

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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby sunitas » Fri Jul 17, 2009 10:53:50 AM

Advise Please,

Having determine that this line of credit past the SOL period. Would anyone be able to give any advise on how to get raid of this debt. How can I get this situation out of my way. what should I do?Whi should I contact?

Thanking you for any advise.
Sunitas
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby Ottawa_Chap » Mon Jul 13, 2009 09:16:24 PM

As ranzzzz pointed out, this debt is beyond 6 yrs old (assuming that you didn’t make any payments on it, or acknowledge it in writing after March/03). That said, if those two conditions have been met, then this debt shouldn't even be on your Bureau files now.

If you haven't requested a copy of your credit report from both Equifax and Trans Union, go to their websites and d/l the appropriate forms. You'll need to enclose a couple of documents to validate your identity - one being a photocopy of a gov't issued photo ID.

It'll take a couple of weeks to process your request. Once those doc's are in hand you'll be able to see first hand if any derogatory remarks have been posted to, or remain, on your files.

If I'm not mistaken, both Aktiv and Deanna's firm fall outside the scope of The Collection Agencies Act. Therefore, I'm not certain if they'll be required to adhere to a Cease and Desist letter - your request for them to stop communicating via telephone and instead, via a means of your choice.

Perhaps someone else here can confirm this for me; my plate is fairly full this week so I unfortunately don't have time to review the Act myself. Regardless, there's nothing that prevents you from hanging up the phone if either company contacts you again - i.e. no law is mandating that you speak with them.
Infuriating one C/A at a time..
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby sunitas » Mon Jul 13, 2009 04:17:52 PM

Hi Ottawa Chap thank U very mcuh for your reply dated 20090712. Today I have rec'd a phone call from Deanne's law office, it was an atomated dial machine saying to for me to contact their law office in regards to the Notice which I have rec'd . I am wondering if ever these people call and they gets me on the phone live what should I say to them? Should I say I do not owe any money to Aktive Kapital? Should I tell them not to ever call me again and in future all corresponce to be done in writing. How do I go about clearing this debt out of the way? Is there any chance that these people will add this bad debt written off on my credit report.

TD had this on my credit report and it recently purged out and I believe my credit is now getting better. There are so many questions, confusion and stress which this situation brings.

Please any advise is greatly appreciated.

Thanks
Sunitas
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby sunitas » Mon Jul 13, 2009 04:02:10 PM

Hi Ranzzzz thanks very much for your reply dated 20090712. Today I have rec'd phone call from this lawyer office. It was one of those automated dial requesting for me to contact their offive . I did not contact them but I am wondering if ever they call and got me on the line what should I say to these people? Should I say that I rec'd the notice? Should it say I do not owe anything to Aktive Kapital? Should I tell them to go ahead and file the claim with the court? Should I tell them not to contact me on phone but to communicte in writing by mailing.

I very much need your help in this situation any advise is greatly appreciated.

Thank you very much

Sunitas
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RE: Final notice from Deanne Natale aboutl stats barred line of credit.

Postby ranzzzz » Sun Jul 12, 2009 05:23:42 PM

I would just totally ignore them. First your debt is stat barred and they cannot obtain any judgement against you in the court. Second, if your last day of activity is March 2003, it won't even show up in your credit report as it's already more than 6 yrs. Just forget it and move on.
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