Statue of Limitation??
Date: Wed, 10/01/2008 - 17:52
Hey,
I was wondering if there is a statue of limitations for a Collections agency to report a collection to the credit bureau?
I had a false rental collections against me about 5 years ago with a roommate, we went to court but settled in the waiting room that they would wipe out the debt and erase all traces of ever having a collection against us if we didn't take it into court.
Come to find out today 4 years ago later they put a "Paid" collections against my old roommate, But haven't done anything to mine or the other 2 roommates that were involved with the dispute. Im very curios if they can single him out like that, and if they can still add it onto my credit report?
thanks for any help
Nick
I was wondering if there is a statue of limitations for a Collections agency to report a collection to the credit bureau?
I had a false rental collections against me about 5 years ago with a roommate, we went to court but settled in the waiting room that they would wipe out the debt and erase all traces of ever having a collection against us if we didn't take it into court.
Come to find out today 4 years ago later they put a "Paid" collections against my old roommate, But haven't done anything to mine or the other 2 roommates that were involved with the dispute. Im very curios if they can single him out like that, and if they can still add it onto my credit report?
thanks for any help
Nick
Was the debt joint among the friends? If not, then no one can le
Was the debt joint among the friends? If not, then no one can legally come after you. Statute of limitation depends upon the state you live in. It also depend upon the type of account you have. So, give these information.
Time calculation of a SOL starts from the date of first delinquency.
Actually, SOL begins with the date of last payment. Federal rep
Actually, SOL begins with the date of last payment. Federal reporting period begins with the date of first delinquency,
