SOL and CR report questions
Date: Sun, 07/19/2009 - 18:18
Loan Type: Factoring Company Account Remark:
Account information disputed by consumer
Estimated date that this item will be removed 07/2010
The above information is from my credit report. I have questions about it. It is stated that the item will be removed 07/2010. My question is...
If the item is removed next year, is that is the end of the 7 years reporting, or is it a 7 and a half years reporting? The reporting began in July 2003 if it is a 7 year report.
If the state SOL is 6 years, would the SOL have ended in July 2009?
Account information disputed by consumer
Estimated date that this item will be removed 07/2010
The above information is from my credit report. I have questions about it. It is stated that the item will be removed 07/2010. My question is...
If the item is removed next year, is that is the end of the 7 years reporting, or is it a 7 and a half years reporting? The reporting began in July 2003 if it is a 7 year report.
If the state SOL is 6 years, would the SOL have ended in July 2009?
As far as I know, the Statute of limitation on the debt starts f
As far as I know, the Statute of limitation on the debt starts from the date you have defaulted on your payments, while, the negative listing stays in your credit report for seven years and six months from the date of your first default. So if the SOL in your state is 6 years, the debt should cross the SOL period.
Thanks, SC for the info. I am trying to figure out when my last
Thanks, SC for the info. I am trying to figure out when my last payment was, and SOL date.
Date of removal: July 2010
That's 7.5 years after last payment.
Last payment must have been 6 months before July, and I know it was in 2003. The old debt is SOL, now.
