If I make a payment on a debt whose SOL period is over, will it add any positive value to my credit report?
Date: Wed, 12/19/2018 - 20:05
If I make a payment on a debt whose SOL period is over, will it add any positive value to my credit report?
Before I answer your
Before I answer your questions, I have a few questions for you.
1. What state are you in?
2. What kind of debt do you have?
3. How old is the debt?
A debt is a debt. You are
A debt is a debt. You are liable for it. Even if it has expired the SOL, you can repay it. I think it will add a positive point in your credit score.
You'll restart the SOL by
You'll restart the SOL by making a payment. If the debt is more than 7 years old from the date of first delinquency, it can't be reported on your credit report.