Advice on this Credigy acct. please
Date: Wed, 04/19/2006 - 07:38
I reviewed my report and saw Credigy on there (I guess they took over some credit card I had...?). Can someone give me an idea of this is something I should pay off or try to settle?
Here is some info from the entry...
Date Updated - 1/06
Pay Status - Collection Account
Account Type - Open Account
Date Closed - 2/01
Date placed for collection - 12/02
Est. date for removal - 8/07
The balance is 3388.
I know the SOL in Missouri for Open Accounts is 5 years. But what year is that 5 years from? Last update, date closed or date placed for collection?
Thank you all in advance!
Here is some info from the entry...
Date Updated - 1/06
Pay Status - Collection Account
Account Type - Open Account
Date Closed - 2/01
Date placed for collection - 12/02
Est. date for removal - 8/07
The balance is 3388.
I know the SOL in Missouri for Open Accounts is 5 years. But what year is that 5 years from? Last update, date closed or date placed for collection?
Thank you all in advance!
You should probably have the debt validated before paying.
You should probably have the debt validated before paying.
Quote:I know the SOL in Missouri for Open Accounts is 5 years. B
Quote:
I know the SOL in Missouri for Open Accounts is 5 years. But what year is that 5 years from? Last update, date closed or date placed for collection? |
SOL clock starts from the date of last activity seen in your account, which means when you paid towards this debt for the last time. Since the date closed in 2/01, I think the SOL has expired in 2/06 already.
But as it was placed under collection in 12/02, the collection item should go off of your report in 12/09. I'm not sure why the estimated date for removal is 8/07 here.
