Unregistered
Anonymous
Posts: n/a
Credits: 48,894
Sub: #1 Collections and credit score
Replied on 02-03-2010, 06:21 PM
Reply With Quote

I had a collections amount from 2003 that showed up in 2006 for a storage unit in california. The statute here is 4 years. However how long will this stay on my credit report? Its $600 should i try to settle with them? I never got any calls from them. I found it when i checked my credit report.

SC
SC's Avatar

Moderator

Posts: 3,578
Credits: 36,210


Send message to SC
Sub: #2
Replied on 02-04-2010, 09:19 PM
Reply With Quote

Quote:
Originally Posted by Anonymous View Post
I had a collections amount from 2003 that showed up in 2006 for a storage unit in california. The statute here is 4 years. However how long will this stay on my credit report? Its $600 should i try to settle with them? I never got any calls from them. I found it when i checked my credit report.

Ideally a negative remark on your credit report would stay for seven and a half years from the day of delinquency, i.e. the date when you first defaulted on the account. The SOL has nothing to do with it. But if the debt has passed the SOL I wouldn't have rattled it since it would reset the statute.

Have you not heard anything about this debt in all these years? When is it scheduled to drop off from your report?




«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 09:54 PM.





About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services
* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.048 seconds.