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Collection acct still on my CR even tho SOL is up

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fireyone



Joined: 26 Feb 2008
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Posts: 4285



127 Magic Points
 
 Posted on Wed Jul 30, 2008 11:57 am  
I would like the answer to this question to SD. I have two that should fall off this month and wonder what the process is to get them removed if they don't fall off theirselves. I am thinking that I can dispute it as obsolete if it is still on there.
CMBV22

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4810 Magic Points
 
 Posted on Wed Jul 30, 2008 8:06 pm  
sdchargers_63

I do not see what the CA would have to do with it. I would just send a dispute letter to the CRA pointing out the age of the account and the violation of FCRA § 605. (C)
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fireyone



Joined: 26 Feb 2008
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127 Magic Points
 
 Posted on Thu Jul 31, 2008 1:55 pm  
Is it really that simple? How long after a debt is suppose to fall off do they have to remove it. Say it is listed as Aug. 2008 when will it fall off? anytime during that month right?
Justin

Justin

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28942 Magic Points
 
 Posted on Fri Aug 01, 2008 9:04 am  
Normally a creditor lists a debt on the credit report after six months from the date of the first missed payment ie from the month the borrower becomes delinquent and it stays in the report for seven years from that date. In other words, a negative listing stays in your credit report for seven years and six months from the date you become delinquent.
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erb1953



Joined: 31 Dec 2007
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-53 Magic Points
 
 Posted on Sat Aug 02, 2008 7:53 am  
Oh, that stinks, so after seven long years they tack on the additonal six months jus tfor the hell of it.
fireyone



Joined: 26 Feb 2008
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127 Magic Points
 
 Posted on Mon Aug 04, 2008 2:54 am  
Is this why the SOl doesn't begin until a person is 180 days late? I always thought the SOL started when the debt first become delinquent (30 days). I have since been informed that it is actually after the 180 mark that the clock starts.
erb1953



Joined: 31 Dec 2007
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-53 Magic Points
 
 Posted on Mon Aug 04, 2008 2:58 am  
I am almost positive that it starts 30 days after your first missed payment, I am 999999.9 percent convinced that this is the right answer.
fireyone



Joined: 26 Feb 2008
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127 Magic Points
 
 Posted on Mon Aug 04, 2008 3:06 am  
CMBV said it was 180. I am hoping you are right about the 30 days. It would help me alot. Cause if its 180 then I just slid past SOL in May. How can we find out the truly correct answer? I am under the knowledge that this varies by state (the SOL clock). Some start at 30 and other states at 180. PA doesn't list their stuff (guidelines) on the net. Actually they are the only state who doesn't. You have to go to a library and look it up. I really want this answer.
goodnatured



Joined: 03 Nov 2007
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10 Magic Points
 
 Posted on Mon Aug 04, 2008 8:38 pm  
It reads
Pennsylvania Statute of Limitations

Contracts: 4 years, (used to be six).

Contracts under seal: 20 years.

Sale of goods under UCC: 4 years.

Negotiable instruments: 6 years (13 PA C.S.A. .§3118).

So I would think it would be that day of the last activity. Where are you guys getting 30 days or 180 days? I have never heard of this.
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sdchargers_63

sdchargers_63

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1356 Magic Points
Subject: credit
 
 Posted on Mon Aug 04, 2008 9:04 pm  
I live in PA. So,...............the SOL is 4 years instead of 7 ( what I originally thought?) Mmm.........someone correct me if I'm wrong please. I know I have items that do 'fall-off' this year. i want to dispute them, VIA e-mail. Should I send the CRA's a letter, as well?
goodnatured



Joined: 03 Nov 2007
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10 Magic Points
 
 Posted on Mon Aug 04, 2008 11:18 pm  
If they do not fall off then you can file the dispute, so let it go and see what happens.
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fireyone



Joined: 26 Feb 2008
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127 Magic Points
 
 Posted on Tue Aug 05, 2008 1:11 am  
I don't no where I picked up the 30 to m180 days thing but I read it here several times on the forum.
sdchargers_63

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1356 Magic Points
Subject: credit
 
 Posted on Tue Aug 05, 2008 2:05 am  
If SOL, in PA, is only 4 years,..then ALOT of my stuff should 'fall off' this year ( I think). That would be great for me.
anthony

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13571 Magic Points
 
 Posted on Tue Aug 05, 2008 11:38 am  
Hi erb
You said that the SOL starts just 30 days from the date you become delinquent. But as far as I know it is 6 months from the date of your first missed payment and the creditor can sue you anytime during the period of your SOL in your state plus the 6 months. However, in this period even if you pay a part of your debt, your SOL period will increase.
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fireyone



Joined: 26 Feb 2008
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Posts: 4285



127 Magic Points
 
 Posted on Wed Aug 06, 2008 2:19 am  
See this is the delima I keep coming up with. There seems to be two very different answers to this question and as much as I searched I can not find out which one is the correct one. I keep getting the two different feedbacks.

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