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csmith73 View Drop Down
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Joined: 11/March/2014
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Points: 21 		Post Options Post Options   Thanks (0) Thanks(0)   Quote csmith73 Quote  Post ReplyReply Direct Link To This Post Topic: What constitutes acknowledgement of debt?
    Posted: 22/March/2014 at 1:30am
I have a student loan this is coming statue barred in mid April.
 
I will be sending some documents such as, student loan account history, bank statements that show monies were siezed through collection, and a cancelled check that shows my last voluntary payment of said loan to Equifax so that I can have my last activity date reflecting my last actual voluntary payment instead of involuntary payment.
 
What my question is, is if Equifax shares this information with CIBC would this be considered an acknowledgement of debt and reset my limitations?
Chris
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Joined: 25/January/2003
Points: 1795 		Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 22/March/2014 at 10:38am
To be safe, hold off on sending the documents.  Its only an extra three weeks.

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Mark O'Meara
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csmith73 View Drop Down
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Points: 21 		Post Options Post Options   Thanks (0) Thanks(0)   Quote csmith73 Quote  Post ReplyReply Direct Link To This Post Posted: 23/March/2014 at 9:38am
Thank you Mark, I do intend to, but my concern and questions are
1) Can Equifax share this info with CIBC
2) Can CIBC use these documents as acknowledgement and rest my limitations date?
Chris
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Points: 1795 		Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 23/March/2014 at 2:43pm
I don't really know the answers to those questions..... anyone?
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Mark O'Meara
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