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     | Thursday, July 13, 2000 - 09:51 pm  Just had to post this, since we've got so many people being urged to pay debts with expired SOLs. "$1.3 million portfolio of consumer chargeoffs, containing approximately 584 accounts with an average balance of $2,267. Accounts are two-agency and three-agency, and were originated by various lenders and banks. Average chargeoff date is 1995. Approximately 20% of the accounts have documentation." So, approximately 20% have documentation, average charge-off date is 95, i.e. probably the SOL expired. This URL is not going to work once the auction is over: https://www.bid4assets.com/auction/index.cfm?auctionID=20070 BTW, I really DON'T like bids4assets. While there IS a link to question the seller, those messages actually go to the site. I tried to bid on real estate, was unable to get in touch with the seller for a street address. It was a bankruptcy estate, and if *I* was a creditor, I'd be mad as hell. Unless the property was next to the sewer treatment plant, it was worth at LEAST 10 x more than the only lonely bid, after it was relisted when the reserve wasn't met. I suspect an INSIDER bid and the creditors got screwed. NOBODY is going to bid when they can't get a street address. I was really surpised the bankruptcy trustee would allow this.
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