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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
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Subject: debt
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Mon Oct 27, 2008 1:59 am
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| I nevre knew about SOL's, Re-Aging,etc., until I came to this forum. PDL's were scaring me half to death. Of course, I STILL have debts, but..I can handle them a bit better than before. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Mon Oct 27, 2008 11:18 pm
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| Thats how I found my way here SD. I had one last account and I wasn't sure when the heck the SOL started. Poeple kept confusing me. I would here the date of the first missed payment..that shows 30 days late as of...on your report or others would tell me it was six months after that date,. I believe it to be the 30 days but I never felt completley stress free until I knew the 4 years and 6 months had passed. I moved and they still were calling me..soemone gave them my new number...probaly a family member. I checked my report lately and no one else has rebought the debt so hopefully I can put this nightmare behind me. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Tue Oct 28, 2008 2:56 am
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Oh god, I remember, gosh the statute of limitations, oh gosh, please don't go there again.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
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Tue Oct 28, 2008 6:58 am
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Yes, one should always check the SOL in the state before making any payment on the outstanding debt. SOL ranges from 3 years to 15 years depending upon the state and the nature of the debt. If the SOL has expired, you are no longer required to pay off the debt and the creditor cannot sue you to the court to bring judgment against you. However, if the SOL has expired and you make even a small payment, your SOL will rewind and the creditor might sue you to the court to recover the outstanding debt from you.
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Keep in touch
Carol |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Tue Oct 28, 2008 10:40 am
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| I know GN....this was a big one for me. My debt was so close that the time frame really made a difference. I was sooo nervous. Every time I thought I had it figured out and was prtected by the SOL someone else would come back on and tell me that it was actually 180 days after the the last payment and that would have not left me protected. Now both time frames has past and I checked my record and nothing new is listed. The only thing that aggravated me is one reporting agency had the debt falling off in may of a certian year and the other had it for Sept. Either way though the original creditors remarks were there showing when the last payments were made so I hadve this report saved ...just in case. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Sun Nov 09, 2008 1:58 am
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so what is up with this one fireyone, is it all taken care of, should be off your report by now right. Just checking to see if you have any update on this or not.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Sun Nov 09, 2008 12:50 pm
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| The first one is with Capitol one. The one with Providian is past SOL but won't fall off until 2010. Supposedly in MAy of that year. I defaulted in Dec. of 2003 (could have swore it was before that) and it is listed to fall of May of 2010..which is the mandatory 7.5 years. So just about another year and a half and it will or at least should be gone. Thats the only two I had. Its jsut nerve racking waiting to make sure your protected by the SOL. I have seen alot of posts lately about debt collectors playing with the SOL and will just be glad when it is done. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Sun Nov 09, 2008 3:14 pm
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I dont see how they can play with the statute of limitations, this is state law and the credit reporting agencies should have the original default date on file so they should not be letting this happen either. I think if I seen this happen on any of mine I would be calling some ones attention to it, like the attorney generals office.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Tue Nov 11, 2008 1:46 am
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| I tell you what I don't understand about the reporting agencies and that is how the three different reports can have different fall off dates. You figure the original creditors last payment isn't going to change so why does the fall off date? It a mandatory 7.5 sentence and I don't think they can add to this. I have Providian and a collector both on my reports. I pulled two Trans union and equifax...One has a fall off date of July 2010 and the other has it listed as Sept. 2010. I can not figure out why the differnce. Tis is why I was concerned about the SOL before. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Sun Nov 23, 2008 6:48 am
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I don't get that either, they should be getting their information from the same source. I wish there was a way to know more about how these agencies work. Wish someone who used to work for them would come along here and share some advice that would be nice.
They are like the the biggest deal in ones life if you think about it, they affect just about everything these days. There really needs to be some more information out there for the normal everyday consumer to access.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Mon Nov 24, 2008 1:23 am
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| Thats what had me really worried a while ago wiht my SOL. iF THE ORIGINAL CREDITOR HAS THE DATE OF LAST PAYMENT THE SAME ON ALL THER REPORTS THEN THEY SHOULD FALL OFF ALL THE SAME TIME. i COMPARED THE TWO REPORTS i HAVE PULLED THUS FAR AND THE DATES FROM THE ORGINAL CREDITOR THAT LISTS THE LAST PAYMENTS ARE THE SAME. IT IS THE REPORTING AGENCY ITSELF THAT LETS IT FALL OFF AT DIFFERENT TIMES. ON MINE THERE IS AN EXTRA THREE MONTHS ON ONE. I WONDER IF ONCE IT REACHES 7.5 YEARS AND IT FALLS OFF ONE IF YOU CAN THEN GET THE OTHER TAKEN OFF FROM THE OTHER AGENCIES. |
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Mando951
Joined: 15 Jun 2009
Mando951's page
Posts: 1
18 Magic Points
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Subject: denied
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Mon Jun 15, 2009 7:02 am
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I was recently denied a credit card and my score is 707
how did this happen?I only have 4 inquiries 2yrs. |
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downrollings
Joined: 17 Jun 2009
downrollings's page
Posts: 4
64 Magic Points
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jayjohns
Guest
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Subject: my socre
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Wed Aug 05, 2009 4:51 pm
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| I just refinanced and got my three credit scores and they were 794, 796, and 802. I don't know why I got rated differently from three credit places |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Thu Aug 06, 2009 2:36 am
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John,
It seems by your site that you would have alot of good advice to offer, why don't you participate with advice. I think you have alot of good information that could be used by others here. |
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