Let's say the SOL limit is coming up on two charged off accounts, within 6 months; Should I keep quiet, and stay under the radar, or should I be making contact via letter with the OC / DC's, etc.?
I had been making efforts to create a settlement package for my three charge off accounts, at about 30-35% ending balance, and have already sent letters to the OC, and some DC's; Now I see I was reading the Experian charts wrong, and I am inside of 6 months from reaching the 4-year California SOL. Does this mean these people will be more open to a settlement, or have I just screwed myself out of quietly reaching the SOL, since now these accounts are being reviewed, by someone?
Also, to clarify, once SOL has been reached, 4 years for written contracts here in California, this means someone may file a lawsuit against me, but in court I can simply show proof that it's been 4-years since the last payment was made, and the case should be dismissed?
Don't make contect at all. Don't even dispute the CO's with the CRA's until after the SOL. Once the SOL's have expired you have all the leverage.
Like Diamond Dan says;stay quiet until the SOL passes and then you will
have some leverage down the road if you decide to pay off the debt. SOL is an affirmative defense to have a case dismissed and to add counterclaims against a plantiff.