Skip to main content

Debtconsolidationcare.com - the USA consumer forum

SOL and Drop Off credit report dates RIDDLE(I am confused)

Date: Mon, 03/30/2009 - 01:27

Submitted by anonymous
on Mon, 03/30/2009 - 01:27

Posts: 202330 Credits: [Donate]

Total Replies: 6


On my credit report by Trans Union, the credit card debt is to be removed from Trans Union's report, in June 2010. I last paid on the credit card in the summer of 2003. The state SOL is 6 years.
So, when is the SOL time frame ending? June 2009?


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?


lrhall41

Submitted by anonymous on Mon, 03/30/2009 - 22:53

( Posts: 202330 | Credits: )


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


lrhall41

Submitted by NASCAR_Devil on Wed, 04/08/2009 - 05:21

( Posts: 4671 | Credits: )