new here

Date: Sat, 07/25/2009 - 14:04

Submitted by redhednursez24
on Sat, 07/25/2009 - 14:04

Posts: 7 Credits: [Donate]

Total Replies: 5

hi i am new to this site and looking for some insight,i am dealing with midland crd mgmnt,i had an acct with hsbc the last thing on it is from june 03, now isn't the sol up on this? midland says last updated july 07,a credit counselor told me to settle with them but they want $750 of a original $960 debt, i thought i could get away with paying about 25%,but this is much more than that.any suggestions?

What state are you in and when was your last payment?? That wil

What state are you in and when was your last payment?? That will determine SOL.

lrhall41

Submitted by SOAPLADY on Sat, 07/25/2009 - 14:28

( Posts: 17315 | Credits: )

i live in alabama, hsbc reports it was opened in 6/03,but doesn'

i live in alabama, hsbc reports it was opened in 6/03,but doesn't show my last payment,midland shows it was opened in 7/07

lrhall41

Submitted by redhednursez24 on Sat, 07/25/2009 - 15:00

( Posts: 7 | Credits: )

When you opened it with hsbc is irrelevant....you gotta know whe

When you opened it with hsbc is irrelevant....you gotta know when the last payment was made to determine SOL.

Midland has reaged the account is sounds.

lrhall41

Submitted by SOAPLADY on Sat, 07/25/2009 - 15:03

( Posts: 17315 | Credits: )

i am not familiar with the credit report lingo, hsbc says last r

i am not familiar with the credit report lingo, hsbc says last reported 8/06 thats it, nothing about last payment.what is reaged mean exactly?

lrhall41

Submitted by redhednursez24 on Sat, 07/25/2009 - 15:11

( Posts: 7 | Credits: )

Reaged means the statute of limitations (SOL) started over. Eac

Reaged means the statute of limitations (SOL) started over. Each states SOL time frame is different. Whenever you made your last payment was when that time frame started.

lrhall41

Submitted by banked-over on Sun, 07/26/2009 - 06:15

( Posts: 17 | Credits: )