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Time Barred Loan Dispute
Summary
In Michigan, a debt is time-barred if the statute of limitations has expired, typically six years. An incorrect social security number on a mortgage may affect its validity. If a bank claims you owe money on a loan from ten years ago, verify details and consider disputing the claim. Request documentation, check your credit report, and consult a local attorney for personalized advice. If the debt never went to collections, the statute of limitations may still apply.Full Conversation
Time barred loans
Hey ****, in Michigan, a debt is considered "time-barred" if the statute of limitations has expired. This means a creditor cannot sue you to collect the debt. For most debts in Michigan, this period is six years.
Is there anything specific about your situation you'd like to know more about?
Is there anything specific about your situation you'd like to know more about?
A mortgage debt given with the wrong social security number
It sounds like a complicated situation, ****. Here are a few things to consider:
- Incorrect Social Security Number: This might affect the validity of the mortgage agreement.
- Identity Verification: Ensure that your identity is verified correctly with the creditor.
- Legal Advice: Consider contacting a local attorney for guidance on this matter.
Do you have any specific concerns regarding the incorrect social security number on your mortgage?
- Incorrect Social Security Number: This might affect the validity of the mortgage agreement.
- Identity Verification: Ensure that your identity is verified correctly with the creditor.
- Legal Advice: Consider contacting a local attorney for guidance on this matter.
Do you have any specific concerns regarding the incorrect social security number on your mortgage?
Bank says I owe them money on a loan from ten years ago
Case Rating: *
Hi ****! It seems like the bank is claiming you owe money on a loan from ten years ago, but there may be issues with the social security number. You might want to verify details with the bank. Would you like more information on how to dispute this claim or any specific concerns you have?
Hi ****! It seems like the bank is claiming you owe money on a loan from ten years ago, but there may be issues with the social security number. You might want to verify details with the bank. Would you like more information on how to dispute this claim or any specific concerns you have?
Yes
Case Rating: *
****, disputing a claim like this can be complex. Here are a few steps you might consider:
- Request Documentation: Ask the bank for documentation of the loan and how they verified your identity.
- Dispute the Debt: You can write a dispute letter to the bank, emphasizing the incorrect social security number.
- Credit Report: Check your credit report for any discrepancies related to this debt.
- Legal Advice: Consulting with a local attorney can provide tailored advice specific to your situation.
If you have more questions or need further assistance, feel free to ask!
****, disputing a claim like this can be complex. Here are a few steps you might consider:
- Request Documentation: Ask the bank for documentation of the loan and how they verified your identity.
- Dispute the Debt: You can write a dispute letter to the bank, emphasizing the incorrect social security number.
- Credit Report: Check your credit report for any discrepancies related to this debt.
- Legal Advice: Consulting with a local attorney can provide tailored advice specific to your situation.
If you have more questions or need further assistance, feel free to ask!
What if it's a loan and a mortgage
Case Rating: *
****, if it's both a loan and a mortgage, the same principles apply: verifying the documentation and identity is crucial. Consider whether the statute of limitations for the loan or mortgage affects your situation. If you have specific concerns about how both are impacted, I can help clarify further.
****, if it's both a loan and a mortgage, the same principles apply: verifying the documentation and identity is crucial. Consider whether the statute of limitations for the loan or mortgage affects your situation. If you have specific concerns about how both are impacted, I can help clarify further.
The bank corrected my social security number in there system
Case Rating: *
Hey ****! It seems the bank has corrected your social security number, which could affect the debt's enforceability. It might be worth exploring how this correction impacts your loan and mortgage obligations. Would you like more information on disputing these claims or understanding your rights?
Hey ****! It seems the bank has corrected your social security number, which could affect the debt's enforceability. It might be worth exploring how this correction impacts your loan and mortgage obligations. Would you like more information on disputing these claims or understanding your rights?
Yes please
Case Rating: *
Since the bank has corrected your social security number, here's what you might consider:
- Review Changes: Check how this correction impacts your debt obligations.
- Statute of Limitations: Verify if the debt is still time-barred.
- Legal Consultation: Consulting with a local attorney for personalized advice is advisable.
Would you like to connect with local lawyers who can better assist you with your case?
Since the bank has corrected your social security number, here's what you might consider:
- Review Changes: Check how this correction impacts your debt obligations.
- Statute of Limitations: Verify if the debt is still time-barred.
- Legal Consultation: Consulting with a local attorney for personalized advice is advisable.
Would you like to connect with local lawyers who can better assist you with your case?
This debt had never went to collections
Case Rating: *
It seems like a complex situation, ****. If the debt never went to collections, the statute of limitations may still apply. You might want to verify details with the bank and possibly consult a lawyer for personalized advice. Would you like more information on disputing this claim or any specific concerns you have?
It seems like a complex situation, ****. If the debt never went to collections, the statute of limitations may still apply. You might want to verify details with the bank and possibly consult a lawyer for personalized advice. Would you like more information on disputing this claim or any specific concerns you have?
Yes
Case Rating: *
****, here's more information on disputing the claim:
- Debt Documentation: Request all relevant documentation from the bank, including any corrections made to your social security number.
- Statute of Limitations: Confirm whether the six-year statute of limitations applies, given the debt never went to collections.
- Dispute Process: Write a formal dispute letter to the bank, clearly stating the issue with the initial incorrect social security number and any other discrepancies.
If you have more questions or need further assistance, feel free to ask!
****, here's more information on disputing the claim:
- Debt Documentation: Request all relevant documentation from the bank, including any corrections made to your social security number.
- Statute of Limitations: Confirm whether the six-year statute of limitations applies, given the debt never went to collections.
- Dispute Process: Write a formal dispute letter to the bank, clearly stating the issue with the initial incorrect social security number and any other discrepancies.
If you have more questions or need further assistance, feel free to ask!
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