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fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Sat Jul 19, 2008 6:45 pm  
I will do that myself since I never did understand the whole tradeline thing.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Sat Jul 19, 2008 6:53 pm  
I found out what it was by being denied credit, they said that I had too many open tradelines.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Sat Jul 19, 2008 7:01 pm  
My husband gets all our crdit. I have credit and its not too bad but I am waiting for two debts to fall off.The original creditor is suppose to go off on this august but midland must have purchased the debt because the same amount I had for cap one is their exact amount minus $7. Midland list it to fall off on July 2010. and list the original creditor as Providian. It seems wierd the cap. one and providain have almost the same amount for pay off. I think it is past SOL since July 2010 is 2 years away and if it is suppose to fall off in 7 years that would make the debt 5 years old. Is this correct in assuming?
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Sat Jul 19, 2008 9:26 pm  
Yes this is correct, you should be clear in 2010
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Mon Jul 21, 2008 1:18 am  
wouldn't I actually be clear now? The SOL in PA is 4 years. The amount of time something stays on your report is 7. So if it falls off in 2010 the debt now is 5 years old. That is what I figured from my credit report. It was 30 days as of Dec. 2003. Is that when the SOl started in Dec. 2003?
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Mon Jul 21, 2008 2:50 am  
Right, it would start on the date in December ?, 2003, whatever date you made the last payment, so it is before the thirty days, whatever day that they report last payment activity.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 376



4057 Magic Points
 
 Posted on Mon Jul 21, 2008 6:42 pm  
fireyone,
the SOL starts at the last date of mutual activity *last payment plus 180 days
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fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Tue Jul 22, 2008 12:23 am  
So if the last payment was on Dec. 2003 plus 180 days would that be May of 2004 the SOL started? So if PA is 4 years it would have been out of SOl in May 2008. Is this correct?
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 533



13296 Magic Points
 
 Posted on Tue Jul 22, 2008 11:03 am  
Hi fireyone
You are correct. You SOL will expire on May 2008, which means it has already expired and the creditor cannot sue you any more. However, the listing will stay in your credit report for seven years from Dec 2003, i.e. it will stay in your report till Dec 2010.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3249



1340 Magic Points
 
 Posted on Tue Jul 22, 2008 11:29 pm  
That is just it Anthony. It states that it will stay on record until July 2010. The dates just don't seem to add up. It wouldn't be 7 years until Dec. 2010 so why do they list July. A couple other little ones already past SOL only remain on for 6 years. It all boggles my mind.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Thu Jul 24, 2008 12:48 am  
That does not make sense to me fireyone, why are they staying on longer.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3249



1340 Magic Points
 
 Posted on Fri Jul 25, 2008 12:08 am  
I have no clue. It really bugs me cause some stay on longer and some are to go off in less time. My doc bill is ready to fall off and according to my report it would only be 6 years. These things are so confusing.
 
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