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Sig
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Subject: Credit Reports!
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Sat Aug 25, 2007 4:43 am
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I looked at the annualcreditreport.com report and not thinking I closed it down. 
So I signed up for one of the free trial then pay for $9.99 after 30 days. The annual credit report one told me the date it would come off. This one I signed up for doesn't show me!!!
Is there any to sign up for that would have this information? |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sat Aug 25, 2007 5:53 am
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Ok I found the part where it allows you to pay for it! I like this one better because it shows the dates when it will come off!
Now how does that work, Lets just say I payed one bill in full will it still be coming off on that date or is gonna restart all over again? |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: CR
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Sat Aug 25, 2007 7:18 pm
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| Sig.......if you have a 'deliquent CLOSED account', on your CR, somewhere near that account ( on the right of it OR on the bottom of where the account is listed), you will see a 'drop-off' date. The deliquent loan doesn't 'start over' after that date. It just 'drops off' your account. Now..here is what I did. I had some 'closed accounts'. BEFORE the 'drop off date', I 'disputed' this accounts. I actually got a few of them removed BEFORE that 'magic' date. You might want to try it. If you have accounts that are still on your CR, even AFTER what the 'dop-off date' says, you can dispute them. VERY HIGH chance they will be removed. Hope this advice helps. |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sat Aug 25, 2007 9:03 pm
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The credit report I signed up for with the free trial for 30 days then $9.99 for credit monitoring doesn't show the drop off dates. I had to sign up with transunion and pay $10 to get the report with the dates.
I just thought that they could start a whole new mark from the date you paid. So I haven't done anything with it. I also see even if it comes off the report they can still sue. So I would like to settle it and pay it off if the mark on th CR isn't gonna start a new date from when I make the payment. |
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Morningstar
Joined: 17 Apr 2007
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Posts: 582
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Sat Aug 25, 2007 10:27 pm
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Paying can reset the SOL date for a lawsuit, but not for credit reporting.
If you go the settlement route, then get the agreement in writing before you pay. You can also try negotiating for a pay for delete or paid in full...
_________________
I don't dream since I quit sleeping |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sat Aug 25, 2007 11:11 pm
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| Well this is Illinois so I am assuming the SOL is 10 years anyway. So as long as it gets paid and comes off the report I guess that would be what I want. I dont know if I can get this paid by the time it comes off as it is a bigger one that I have. Once it is gone should I still pursue to pay it. |
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Morningstar
Joined: 17 Apr 2007
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Posts: 582
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Sat Aug 25, 2007 11:38 pm
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Since the SOL is that long, it may be a good idea to pay it If you get sued, that would be far more costly, not to mention having a judgment on your CR for 10 years...
_________________
I don't dream since I quit sleeping |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sun Aug 26, 2007 3:44 am
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This actually looks like one that I went to court on. I have to find that info on when that happened since the credit report doesn't have much info on it just the amount. Which makes it appear to be the one I have been talking about. I did have two of these court ones. I believe this is the one where they took a few dollars out of an account and thats it. So if they are the same the one mark is coming off in a month but the one from the court date is 5 years from now. So since this has a judgement on it would I still be able to deal or is this one that is gonna have to be paid in full and can these public records marks be taken off or since it went that far are you stuck with them??
Sorry I didn't catch that sooner as being one that went to court. I am just breaking into wanting to take care of these things once and for all. They have been hanging around for a long time! And I am having hard time understanding all of this! |
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Morningstar
Joined: 17 Apr 2007
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Posts: 582
11 Magic Points
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Sun Aug 26, 2007 4:05 am
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You can settle a judgment. Make sure that 1) you get the PIF agreement in writing, and 2) the creditor reports the debt as PIF to the court.
Unfortunately, the judgment creditor is not the data furnisher. It is usually a seperate company; often LexisNexis or Westlaw. What this means is that you cannot get it removed early.
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I don't dream since I quit sleeping |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sun Aug 26, 2007 4:26 am
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Ok I am understanding that one more now! This one has to hold for just a little longer until I can pay it unless I get a good deal.
Now for a flood of questions sorry.
Now for some of the smaller ones I have alot of these ranging from $75-$500 these all say collection account. Like the one I have for $75 should I just pay in full and as part of the deal maybe for return for paying all of it they could just delete the whole thing from CR. So I don't have any marks? Can they do that or is there gonna always be a Paid mark. I thought I read somewhere you can have it totally deleted which would be better than a Paid mark.
Also how does that work when you ask for written statement for PIF. Do they send this to you first then you pay or do they wait until the payment is recieved then give you a statement?
As far as the SOL goes what is considered written. All I ever get is a bunch of Letters in the mail. Is that a written statement? I haven't had phone calls in a long time.
Thanks! |
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Morningstar
Joined: 17 Apr 2007
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Posts: 582
11 Magic Points
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Sun Aug 26, 2007 8:22 am
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| Quote: |
| As far as the SOL goes what is considered written. All I ever get is a bunch of Letters in the mail. Is that a written statement? |
Are you referring to a written contract? This does not seem to be a cut and dry issue. Generally, credit cards are interpreted to fall under the UCC as an open account, but an increasing amount of case law is apparently seeing credit card lawsuits being litigated as written contract. It's best to seek the advice of an attorney for matters such as these.
If that wasn't where you were going with the question, then I'm afraid I didn't understand it.
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| Now for some of the smaller ones I have alot of these ranging from $75-$500 these all say collection account. Like the one I have for $75 should I just pay in full and as part of the deal maybe for return for paying all of it they could just delete the whole thing from CR. So I don't have any marks? Can they do that or is there gonna always be a Paid mark. I thought I read somewhere you can have it totally deleted which would be better than a Paid mark. |
I have heard that if your credit report is thin, an OLD paid collections will look better than nothing at all. Hopefully others can give more insight here...
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| Also how does that work when you ask for written statement for PIF. Do they send this to you first then you pay or do they wait until the payment is recieved then give you a statement? |
Get the agreement in writing before giving them money. More than once, has a CA offered a settlement, and the debtor eagerly forked over the money. Then, the debtor is continually harassed for the rest of the balance, or even sued. If you don't get an agreement in writing, then it never happened. You can always sue for breech of contract if they fail to live up to the terms of the deal, provided you have proof. Once you have their offer and proof that you made your payment (like a money order stub), I don't think it's necessary to get the PIF letter, although you can request it anyway.
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I don't dream since I quit sleeping |
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sdchargers_63
Joined: 13 Aug 2007
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Posts: 1889
1356 Magic Points
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Subject: CR
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Sun Aug 26, 2007 12:48 pm
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| Lots of information, on this forum!! I would say, if the 'drop-off' dates are SOON, then I wouldn't 'mess' with the account. Ya know, I was looking at the CR's I have. One of them DOES NOT have 'drop-off' dates. I never really noticed that before. Mmmm..........well, the more 'closed, deliquent accounts' come off my CR, my score will go up a bit. |
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Sig
Joined: 25 Aug 2007
Sig's page
Posts: 14
1040 Magic Points
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Sun Aug 26, 2007 3:35 pm
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Whats confusing me is. I see Date posted for collection 3/2006 and estimated removal 10/2010. Thats only four years. So I am assuming the 7 years started at the last payment or when it started getting bad. But the problem is its been so long I have no idea when the last payment would be.
So all these removal dates are they an accurate 7 years from what they should be like last payment?
Or do I really need to confirm this somehow. I have one coming off early next year thats $100. So I would imagine I should just let this drop off and not worry about it as I would imagine they won't be suing me over $100.
Also the part that is confusing me is the 10 year SOL for Illinois. All I recieve is stuff in the mail all the time to pay and with settle deals. So as far as the 10 year SOL I am believing that I dont fall into that category because I have no written contract that has been sent to me just the monthly mailing about paying.
I hope this makes sense for everybody. |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: CR
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Sun Aug 26, 2007 5:07 pm
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| Sig.............it's a 99%, that whatever the 'drop-off' date is, he account will come off then. If you have a few that will 'drop-off- soon, I wouldn't worry about it. SOME accounts ( even though the SOL, in your state is 7 years..) CAN 'dop-off' earlier than the date it says. I have a few accounts that will 'drop-off' late, this year. If the accounts DON'T 'drop-off', you can 'dispute' them, with the Credit Bureau. Hope this helps. |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: CR
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Sun Aug 26, 2007 5:08 pm
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| ..OH...forgot to say,..the " $100.00 accounts". If they are 'dropping -off' soon, then, NOPE I wouldn't worry about them. |
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