SOL question
Date: Sun, 10/08/2006 - 22:26
My question is when did the date for the SOL start? On the date it was opened 6/00? Or the date that it was closed/charged off by the CC company?
I believe since you never did the payment on this account, the S
I believe since you never did the payment on this account, the SOL should be calculated from the date you opened the account. If I am wrong in this, someone please correct me.
Typically when the last date of activity was,like a payment.Chec
Typically when the last date of activity was,like a payment.Check your state laws,this is probably out of the SOL period.Good Luck...KAren
In my state it would be the date you signed the contract. Also
In my state it would be the date you signed the contract. Also if it's a card from a bank (as opposed to a department store) your SOL is 15 years here so don't make any assumptions w/o checking your particular state.
I thought SOL started with the date of first delinquency?
I thought SOL started with the date of first delinquency?
Well I tried to dispute it and get the CA to remove their part.
Well I tried to dispute it and get the CA to remove their part. I got the response back from Experian and it showed the outcome as updated. The funny thing is that when I look over the information and compare it to my last report, the only thing that has changed is the amount.
Another thing that bothered me is I saw this statement: "This account is scheduled to continue on record until Dec 2010." How can that be possible? The original debt with the CC company is 6/00.
According to the CA the date opened was 3/02 and the reported since date is 6/04. Would this count as re-aging? I'm at a loss as what to do.
Xtek, sometimes disputing with the credit bureaus is tiresome, b
Xtek, sometimes disputing with the credit bureaus is tiresome, but you should stick with them to get the correct info especially if you can prove from your side with reasons to dispute the particular item. Ask for proof from the bureau.
You may want to be careful how hard you push here. Since you ope
You may want to be careful how hard you push here. Since you opened the account and never made any payment towards it they could try and charge you with fraud. They could claim you had no intentions of paying when you open the account and used their funds for personal gain. SOL for Credit reporting is 7 years from date of last activity. SO if you opened the account in June 2000, and didn't make payment in duly , that would be first delinquency, the account would probably have been charged off sooner as it was a newer account, however typically accounts are charged off after 90 days delinquency which would be September , so the SOL under the FCRA would be sept 2007. You could dispute it stating you believe the account was improperly re-aged,but it will still remain n your report till September 2007.
Things can stay on your credit report for up to ten years. It de
Things can stay on your credit report for up to ten years. It depends on what state you live in and how much the collection agency it was sent to wants to collect on it.
The account it would typically charge off 180 days after your first missed payment.
The SoL does not resolve you of responsibility to pay for somehting you took. It only protects you against wage garnishment and judgements.
