I sit here now at about 4 years since my financial meltdown. I have gone through the collection agency turmoil and saw my credit scores go from 880 to 500 or lower. I have Dv'd all of my debt but never really disputed anything with the CRAs. I have'nt been contacted now for about a year by any agency and my accounts are now 3 years old since DLA. In Texas the sol is 4 years so I am 75% home free. I guess my debt amount is around 15k and "funny" thing is that I could afford now to pay that off in 12 months but I know that is a fools paradise and will only reset the DLA. Sigh.... what a corrupt system we have. Anyhow, I am trying to get a feel for the risk of starting to dispute now with the CRAs and the sol kicking in only a year away. I would have no problem waiting another year. I have various violations some cut and dry, some not. I am worried that if I start down this path then some (5k and 8k) creditors might now awaken from their sleep and start legal action against me before the sol expires legal collection the debt. I believe I have "clouded" some of the debt with my previous actions and may indeed prevail in court but of course I want to stay out of that arena. My question is have other folks found that starting to dispute with the CRA's in earnest will have a negative effect of drawing attention to the fact that the SOL is almost here? Thanks in advance for any help!
I tend to agree with you. It is a risk/reward thing. In fact I won't even start the "rebuilding" process of getting secured cards etc etc. I was reading some last night and see where recovering scores can be a trigger as well. I am just getting tired of paying such high interest on my car loan and getting impatient.
