Question about SOL

Date: Sun, 08/08/2010 - 16:09

Submitted by anonymous
on Sun, 08/08/2010 - 16:09

Posts: 202330 Credits: [Donate]

Total Replies: 2

Does a CA that bought your debt before the SOL expired have to remove the listing on your credit report once it goes beyond the SOL?

If you are referring to the SOL as relates to the Fair Credit Re

If you are referring to the SOL as relates to the Fair Credit Reporting Act whereby negative information such as an unpaid bill must fall off after 7.5 years from date of first delinquency; Yes.

Mileage may vary

lrhall41

Submitted by on Mon, 08/09/2010 - 09:08

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Once the SOL expires, it expires. If a CA is reaging it, falsel

Once the SOL expires, it expires. If a CA is reaging it, falsely reporting activity, etc., they're breaking the law. If you're past SOL, send them a letter stating such. They aren't supposed to be reporting invalidated items on your report. They also can't collect on items that are past SOL. If SOL expired before the 7 year reporting period, it can still show on your report for up to 7.5 years. If that time has passed (which it sounds like it may have), it shouldn't show on your report.

What type of debt is it? What state are you in?

lrhall41

Submitted by OhioGal1 on Mon, 08/09/2010 - 09:24

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