how about... Let's say you were 120 days past due on an account. a payemnt was made on the account about 6 months after the date of delinquincy. If you were to try to make the CC Company PROVE that you sent in the payment, and say you dont recall sending in that payment, wouldnt that allow you to forward the DOLA to almost a year earlier? I know this post is not too well posted in terms of clarity, but its an idea that I think could be worked on....
If you were going to wait 6 months (180 days), which seems to be the magic number for charge-off, why not wait until you are sure it is. A payment after CO does not change the DOLA for reporting purposes. There is an FTC letter on this, but I'm too lazy to look it up right now! Its 102 degrees here, and I can barely breathe.
I was usingthe above as an example... say a case where it would "fast forward" the DOLA two years! is that possible?
You are both wrong. Re-read the FTC letters, you will see that the Status Date is the first date of delinquency that leads to the status being reported. This prevents having different status dates for each 30/60/90 etc... one status date no matter what the status is, unless you bring the account current.
so, even if you brought the account current... lets say your mother paid the account and brought it current... couldn't you dispute that payment, maiking the Date of first delinquincyy earlier, thereby making the SOL expire faster? I think that if my theory is worked on by some CN Vets, we could perhaps turn this idea into something.
Ok, if you dispute "I did not make this payment", and they deleted it, backed dated the DOLA, BUT it is still within SOL and they decide to sue: 1. You now owe them more by your own admission 2. The prove your payment, the DOLA stays the same, and IF you are in SOL you have woken them up. Maybe I'm just not seeing the big picture of where you are trying to go with this?
well... you dont owe them more, because they did recieve a payment on the account! What I think this theory could be used as, is if something is paid in full, but in the SOL, then you could try to get it off your credit report by saying that the last payment you sent was before a date which would put the account as past the SOL.
