Experian Credit Report Clarification
Date: Mon, 07/09/2012 - 15:42
The SOL period in California for the written contracts, promisso
The SOL period in California for the written contracts, promissory notes and open ended accounts is 4 years. The SOL period for the oral agreements is 2 years. The account will be there on your credit report for 7 years from the date of last payment.
4 years for the debt to be past the SoL (starts on the last day
4 years for the debt to be past the SoL (starts on the last day you made any sort of payment against the account).
7 years (from the date it was reported delinquent) for the item to drop off your credit report.
Thanks for the information. However if I forgot when my payment
Thanks for the information. However if I forgot when my payment to them was how can I tell from the credit report? Or do I have to contact them to figure out?