SOL and Drop Off credit report dates RIDDLE(I am confused)
Date: Mon, 03/30/2009 - 01:27
So, when is the SOL time frame ending? June 2009?
So-from June 2003 to June 2009 is six years. One year later, 201
So-from June 2003 to June 2009 is six years. One year later, 2010, is seven years.
I think SOL is June 2009.?? (six yr sol)
??
Is SOL exactly to the date of the last payemt, years later, according to the SOL state time frame?
State SOL and reporting SOL are two different things.?? State
State SOL and reporting SOL are two different things.?? State SOL is the time frame in which a creditor can sue you.?? Reporting SOL is 7 years.
I am still confused. (sorry)?? The state ??SOL is six years
I am still confused. (sorry)?? The state ??SOL is six years and six months past the debt's deliquency. The debt is reported on credit reports for seven years from the????deliquency .
Example:
If a debt was last paid May 2003, then the??SOL begins Nov 2003. Add six years for state SOL. In Nov 2009 the SOL expires?
The reporting period is seven years from the last payment. So, that is May 2010.
The reporting period is about six months past a six year SOL?
Not sure where you're getting the extra 6 months for SOL. SOL s
Not sure where you're getting the extra 6 months for SOL. SOL starts with the date of Last payment. Period. If you last paid in 05/03 then SOL will expire 05/31/09. Federal Reporting period is 7 years + 180 days from the Date of First Delinquency. In your example, your last payment was 05/03 so the account likely went delinquent in 06/03. Reporting period would begin 06/03 and continue until 12/10