KD and not making payments.
Date: Wed, 05/09/2012 - 20:00
I live in TX and have some medical bills in KS that has been passed on to collection agencies. There is no way I can afford the payments they request and the interest they want to charge me on the principle. I have read on the internet that they only have 4 years time to sue me from the date I made my last payment on these accounts. Also after seven years of no activity, it will be removed of my credit report. They post a KD on these accounts on my credit report every month. Does these postings count as activity???
No, these don't count as activity as far as the SoL is concerned
No, these don't count as activity as far as the SoL is concerned.
