Quote Quoting aaron
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I don't see anything since this case:
[CENTER]Hill v. American Express.
Thanks for the details on this case,
Now, another question, if you don't mind:

Within Truth in Lending Act - TILA § 15, a credit card account is legally defined as an "open" account.

The Act is in Title I of the Consumer Credit Protection Act and is implemented by the Federal Reserve Board via Regulation Z (12 C.F.R. Part 226).

The Regulation has effect and force of federal law.
Open-end Credit Transactions:
Open-end credit includes bank and gas company credit cards, stores' revolving charge accounts, and cash- advance checking accounts.
Typical features:
Creditors reasonably expect the consumer to make repeated transactions.
Creditors may impose finance charges on the unpaid balance.
As the consumer pays the outstanding balance, the amount of credit is once again available to the consumer
I have a debt that I have the original welcome letter, which states on Citibank's letterhead that it is a "revolving credit line"

The last payment was made on Oct 28th, 2003. I am over 4 years; but under 6 years... Does this original letter give me any weight?

One additional note... I received a letter from Collection Company B which represents Collection Agency A; which had a figure of 7087.00

3 weeks later, I received a letter directly from Collection Agency A which had an offer to reduce my debt... of 5563.00 to $5000 if I accepted a "pre-approved" credit card offer for $5000 with an interest rate of only 19.9 %

The fact that I have 2 companies giving me 2 separate totals is rather confusing. I am not sure if I should pursue request of validation, or dismissal due to SOL expiring.