Hey all. I've been working on my credit for years now, and finally the things that nastily are staying on my credit report are all within 6-10 months of falling off. All of these have DOLA in the Dec 1999 to Feb 2000 showing on them. Has anyone had any luck getting things aged off their CRs that were close? Most anything that is showing that it is slated to be removed (from 3+ year old credit reports) have early - mid summer since you get sacked with 7 years + up to 180 days. If you've had luck, can you let me in on your secrets on how you did it? Thanks, Chris B (hoping to be a homeowner next year)
Are you dealing with negative unpaid accounts reported, with paid collection accounts, old late payments on currently open accounts, or old late payments on closed accounts?
These are unpaid charge off / collection accounts which haven't been touched since early 2000. I have no late payments on any of my current accounts and my good accounts by far outnumber the few baddies that are there.
Statute of Limitations I also have a derogatory thats similiar in some ways. (mine is fraudulant though) I am questioning the 7 years SOL in New York after seeing this list. (Posted by Marie) http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml The list claims New York is SIX years not 7, yet the CRA's I spoke to today claimed it really is 7. I'm trying to get a definitive answer on this. Go check your state too. CORRECTION: Quote: The Statute of Limitations has nothing to do with the length of time something can stay on your credit report, they are two TOTALLY separate things. Again, there is absolutely NO relationship." http://www.creditinfocenter.com/creditreports/cr_time.shtml This is where my mistake is I think. AJ
Keep in mind that the date they should fall off your reports is based on when they first went delinquent, not on when the last payment was made. For example, if they went delinquent in 1998, but you made a payment in 1999, it would fall off reports 7.5 years after they originally went delinquent in 1998, regardless of the later payment. The most recent payment might, however, reset SOL and affect whether they could still sue.
You said this info comes from CR's that are 3+ years old. I would get a more current CR. Check those dates of 1st deliquency and determine when they should come off. Also check SOL. If you take an action while still inside SOL, they could still pursue you. Get new CR's, check date of 1st deliq., check SOL. Those new reports may have new problems that you are not aware of yet. Get that info. first.
Sorry, I bought a 3 in 1 from Equifax just recently. However, nothing recently has actually given you a date that it should be removed from your credit report; however, I have some 3 year old credit reports that do have the date they should vanish, which for most of these is by June or July of this next year.
SOL New York re-question http://www.bcsalliance.com/debt1_newyork.html OK I am questioning the SOL again after reading the above. It says 6 years not 7 for open end credit debt in NY. So is this for enforcement only? and not the deletion date on the cr's? Just need to clarify this again. AJ OTHER STATE STATUTES http://www.bcsalliance.com/y_debt_statelaws_garnishments.html
CRA deletion is covered by federal law, not state, and is 7 years for most negatives. So the six years would be for enforcement, yes.
