by angella » Thu Apr 10, 2008 10:02:51 PM
Sorry... to clarify my position:
Yes, I am aware that once it has expired it cannot be reset, however, I still prefer to not acknowledge it. It makes things more simple for me.
Your analysis is right. If acknowledge 2 months before the end of two years, you then reset and it is a further 2 years from the date of acknowledgement.
Double check any legal information the counsellor gives you. They are very good at what they do... help you learn to manage your money, but receive woefully inadequate training, for the most part, with regards to the ins and outs and legalities of the collections acts.
I had one tell me that if the collection agent sent you a letter every 6 years they could re-age your debt indefinitely.