Hi, all this is my first post. Iâ??ve read a lot of the threads, but Iâ??m still unsure what I should do. I do not anticipate any large purchases for the foreseeable future. My Credit Karma score is 610. The SOL of these debts has expired. Should I even mess with this, or wait out the 29 months? BANK OF AMERICA Loan Type: CREDIT CARD Balance: $0 Date Updated: 03/11/2011 Payment Received: $0 Last Payment Made: 07/22/2008 High Balance: $14,733 Original ChargeOff: $14,733 Credit Limit: $12,000 Pay Status: >Charged Off< Date Closed: 12/09/2008 Date Paid: 07/22/2008 >Maximum Delinquency of 120 days in 01/2009 and in 02/2009< Remarks: PURCHASED BY ANOTHER LENDER; >UNPAID BALANCE CHARGED OFF< Estimated month and year that this item will be removed:09/2015 BARCLAYS BANK DELAWARE Loan Type: CREDIT CARD Balance: $0 Date Updated: 01/30/2009 Payment Received: $0 Last Payment Made: 12/10/2008 High Balance: $1,524 Credit Limit: $1,350 Pay Status: Current; Paid or Paying as Agreed Terms: Paid Monthly Date Closed: 12/26/2008 Date Paid: 12/10/2008 >Maximum Delinquency of 90 days in 11/2008 for $132< Remarks: >SETTLED-LESS THAN FULL BLNC<; CLOSED Estimated month and year that this item will be removed: 07/2015 CAPITAL ONE AUTO FINANCE Loan Type: AUTOMOBILE Date Updated: 02/29/2012 Payment Received: $0 Last Payment Made: 02/26/2009 Original ChargeOff: $6,752 Pay Status: >Charged Off< Terms: $614 per month, paid Monthly for 48 months Date Closed: 01/31/2009 >Maximum Delinquency of 90 days in 12/2008 for $2,455< High Balance: High balance of $22,170 from 02/2011 to 02/2012 Estimated month and year that this item will be removed: 09/2015 CENTERPOINT ENERGY Date Opened: 09/26/2005 Responsibility: Individual Account Account Type: Open Account Loan Type: UTILITY COMPANY Balance: $71 Date Updated: 11/03/2008 Payment Received: $0 High Balance: $0 Original ChargeOff: $71 Past Due: >$71< Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 11/03/2008 Remarks: >UNPAID BALANCE CHARGED OFF< Estimated month and year that this item will be removed: 08/2015 CHASE/BANK ONE CARD SERV Date Opened: 05/29/2006 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CREDIT CARD Balance: $0 Date Updated: 02/14/2010 Payment Received: $0 Last Payment Made: 01/06/2009 High Balance: $601 Credit Limit: $500 Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 09/14/2009 Date Paid: 01/06/2009 >Maximum Delinquency of 120 days in 06/2009 for $215 and in 01/2010< Remarks: PURCHASED BY ANOTHER LENDER; TRANSFERRED TO ANOTHER OFFICE Estimated month and year that this item will be removed: 01/2016 CHASE/BANK ONE CARD SERV Date Opened: 02/07/2007 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CREDIT CARD Balance: $0 Date Updated: 03/29/2009 Payment Received: $0 Last Payment Made: 06/26/2008 High Balance: $3,642 Credit Limit: $3,000 Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 10/22/2008 Date Paid: 06/26/2008 >Maximum Delinquency of 120 days in 12/2008 for $506 and in 02/2009 for $753< Remarks: PURCHASED BY ANOTHER LENDER; TRANSFERRED TO ANOTHER OFFICE Estimated month and year that this item will be removed: 07/2015 HSBC BANK Date Opened: 07/05/2001 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CREDIT CARD Balance: $0 Date Updated: 04/30/2009 Payment Received: $0 Last Payment Made: 07/29/2008 High Balance: $2,238 Credit Limit: $0 Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 12/10/2008 Date Paid: 07/29/2008 >Maximum Delinquency of 120 days in 01/2009 for $75 and in 02/2009 for $80< Remarks: PURCHASED BY ANOTHER LENDER; TRANSFERRED TO ANOTHER OFFICE Estimated month and year that this item will be removed: 08/2015 HSBC BANK Date Opened: 12/10/2005 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CREDIT CARD Balance: $0 Date Updated: 03/31/2009 Payment Received: $0 Last Payment Made: 07/12/2008 High Balance: $2,067 Credit Limit: $0 Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 12/31/2008 Date Paid: 07/12/2008 >Maximum Delinquency of 120 days in 12/2008 for $64 and in 01/2009 for $62< Remarks: PURCHASED BY ANOTHER LENDER; TRANSFERRED TO ANOTHER OFFICE Estimated month and year that this item will be removed: 07/2015 PHH MORTGAGE ICE CENTER Date Opened: 09/26/2005 Responsibility: Joint Account Account Type: Mortgage Account Loan Type: CONVENTIONAL REAL ESTATE MTG Balance: $0 Date Updated: 07/08/2012 Payment Received: $0 Last Payment Made: 11/29/2007 High Balance: $139,900 Pay Status: >Account 120 Days Past Due Date< Terms: $1,377 per month, paid Monthly for 360 months Date Closed: 06/05/2008 >Maximum Delinquency of 120 days in 05/2008 for $5,509 and in 06/2008< Remarks: >FORECLOSURE INITIATED<; >FORECLOSURE COLLATERAL SOLD< Estimated month and year that this item will be removed: 12/2014 THE HOME DEPOT/CBNA Date Opened: 06/28/1997 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CHARGE ACCOUNT Balance: $0 Date Updated: 03/20/2010 Payment Received:$0 Last Payment Made: 06/26/2008 High Balance: $7,946 Credit Limit: $7,946 Pay Status: >Charged Off< Terms: Paid Monthly Date Closed: 10/27/2008 Date Paid: 06/26/2008 >Maximum Delinquency of 120 days in 11/2008 and in 01/2009< Remarks: PURCHASED BY ANOTHER LENDER; >UNPAID BALANCE CHARGED OFF< Estimated month and year that this item will be removed: 07/2015 MIDLAND FUNDING LLC Placed for collection: 03/25/2009 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $3,643 Date Updated: 07/29/2013 Original Amount: $3,643 Original Creditor: WASHINGTON MUTUAL BANK Past Due: >$3,643< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 07/2015 MIDLAND FUNDING LLC Placed for collection: 01/29/2010 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $728 Date Updated: 07/29/2013 Original Amount: $602 Original Creditor: CHASE BANK USA N A Past Due: >$728< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 12/2015 MIDLAND FUNDING LLC Placed for collection: 03/28/2011 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $23,758 Date Updated: 07/29/2013 Original Amount: $14,734 Original Creditor: BANK OF AMERICA Past Due: >$23,758< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 09/2015 MIDLAND FUNDING LLC Placed for collection: 06/10/2011 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $3,400 Date Updated: 07/29/2013 Original Amount: $2,239 Original Creditor: HSBC BANK NEVADA N A Past Due: >$3,400< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 08/2015 NCA Placed for collection: 03/23/2009 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $3,677 Date Updated: 08/15/2013 Original Amount: $3,677 Original Creditor: HSBC (Retail) Past Due: >$3,677< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 07/2015 PORTFOLIO RECOVERY Placed for collection: 03/30/2012 Responsibility: Individual Account Account Type: Open Account Loan Type: FACTORING COMPANY ACCOUNT Balance: $7,908 Date Updated: 08/06/2013 Last Payment Made: 08/21/2008 Original Amount: $7,908 Original Creditor: ONYX ACCEPTANCE CORPORATION Past Due: >$7,908< Pay Status: >In Collection< Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 08/2015
Welcome to the Forum! OK, so it looks like most of these are set to fall off semi-soon as you note. I understand you're not going to be making any big purchases (and consequently probably not applying for any loans), which makes disputing these one by one less urgent. But I did want to speak to at least one other way in which a fair-to-poor credit score can impact you. First, many employers check your credit. I've had at least one friend have an offer rescinded because of his bad credit history and score (which I believe was sub-600). If you're gainfully employed, that's of course awesome. But if you're looking for a job, it's worthwhile to get familiar w/ your credit and to take action to improve it. That said, the last thing you want to do right now is to wake up some of these sleeping beasts and accidentally reset the SOL. If you're interested in getting the smaller ones off your report quickly, I might suggest a pay-for-deletion letter. But otherwise if you're not looking for a loan or a job, it might be in your best interest to look away and keep walking...
My advice is to continue doing nothing, not communicating with the creditors or their collection agencies, and not paying anything toward the debts. By the end of 2015, all these alleged debts must, by law, "fall off" of your credit report. I would, however, check the website of your county court each week to make sure that no one has filed a lawsuit against you. Some unscrupulous collection law firms are known to perform "sewer service", or in other words serve you at an address where they know you don't live, so you won't answer the lawsuit, and thus they will win a default judgment. Yes, I know that the debts are past SOL, and yes I know that creditors are not supposed to sue after the SOL, but if they do, then you must answer the lawsuit and raise the affirmative defense of SOL in your answer.
Thanks, you guys rock. Jason, I was thinking to just let them expire. Mindcrime, great idea I've found a credit atty, just in case. BCohen2010, I really didn't think of this. Midland attempted 5/2012. It was dismissed due to lack of service. I'll have to keep an eye on this. Again thank you very much for the information and ideas. Centex
