New York's 5 Year Clock

EVERY ADDRESS IS LISTED IN A COMPUTER AS THE TYPE OF BUILDING...MY TRI-PLEX WAS A "MULTI-FAMILY"...MY HOUSE SAYS "SINGLE FAMILY"...I THINK THE MAIL BOXES ETC. WOULD BE LISTED AS A "SHIPPING/MAIL BOX BUSINESS ADDRESS"...

 

Not necessarily so George. I have a PO Box at a mailbox place that started out listed as Suite#333. Then the great state of Virginia and the post office decided that they needed mailboxes like that to be listed as a PBM...personal mail boxes.

SO they changed my mailing to XXX whatever street, PBM 333, City, State

BUT>>>>> my point is, it's listed on my reports as an apartment and a single family home. They don't really know how to classify it. SO it has never said po box..mailbox thing. You can always count on them to list it wrong on reports!

 

If you can use a friend's or relative's NY address for a few months, it would be much better than a masked PO Box.

Once you have a NY address (and can prove it), update the bureaus, and once updated - have your old address removed. Then you can start disputing w/ much better chances of success even w/ entries that are <5 years old. Those >5 should be removed automatically when the CRA's update your address.

Another way you may have more success disputing, is if your old address (region) was assigned to a local CRA-affiliate and the new one isn't.


Saar

 

The one small problem with using a P.O.Box or mailboxes usa is if anyone ever used that street address and applied for a business loan, your address will have an extra line stating
"This is a non-residential address."inserted.

VJ

 

Can sombody please post info that says New York state residents have a 5 year clock as opposed to 7 years. How would I dispute based on that.


I am in NY and have a few 5 year things on my Credit Report, But they never automatically came off even though I live in NY.

Thanks,

* Rob *

 

Here you go, Rob. Just follow the link and look-up what interests youâ?¦ Enjoy. [;-)

http://assembly.state.ny.us/leg/?cl=44&a=53

 

Well, that is interesting. Another example of off-the-top-of-my-head statements made on these boards.

If I read that correctly, in NY, the 5 years only applies to paid debts, unpaid debts can stay on for the full 7 years.

Is that right Anthony?

Do you have a link for credit laws for the Commonwealth of Virginia? I have tried their search engine for the Code of VA - it's the worst search engine I've ever seen. LOL. I can't find anything.

breeze

 

Breeze:
As I see it New York code specifies (UNPAID) defaulted debt as able to remain reportable for seven (7) years, whereas if one PAID (off) the "defaulted" obligation it could only remain for five (5) years. As far as general (positive) reporting I believe that is still seven (7) years. In any case here is the cite for all to examine:

• New York State Consolidated Code: §380-j(f)(iv)
  accounts placed for collection or charged to profit and loss which antedate the report by more than seven years; or accounts placed for collection or charged to profit and loss, which have been paid and which antedate the report by more than five years

PS: Have you check FindLaw.com for the codes relating to your situation?

 

Anthony,

They link back to the code of VA searchable database that I find so frustrating. What do you think?

http://leg1.state.va.us/000/src.htm

Thanks

breeze

 

Thanks Anthony, to bad I don't have any "paid" ones. Just "unpaid"

I going to try to dispute it anyway, maybe I will get a overworked Equifax rep that will just delete it, I mean it's almost 6 years old, as opposed to having them "verify" it over and over and over....6 times already, still no luck getting it off my CR's

If all else fails I am going to try to turn the bogus repo into a "paid" bogus repo and then dispute it using NY state law. I guess it's worth a try, nothing else seems to work.

* Rob *

 

Actually, both parts of the last statement are wrong:

http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=44921


Saar

 

Breeze:
Having tried several searches for you, I see what you mean. Albeit, my reference material doesnâ??t indicate that Virginia has anything similar to the New York statute. However, this doesnâ??t necessarily mean a similar law doesnâ??t exist in Virginia.

In any respect if itâ??s of great importance for you to find a particular cite, you may want to consider either subscribing to a legal service (about $25 @ month) or visiting your local county law library. Sometimes (speaking from experience) itâ??s easier to find a cite manually, than by use of a computer related service. Yeah I know, youâ??d think it would be the other way around but go figureâ?¦ [;-)

 

Thanks Anthony,

Actually, I have an attorney, it's just that he's not that easily available, and sometimes I just want to know something, it's not important enough to pay him to answer my questions, hehe.

re credit laws, Virginia does have a few little differences from Federal Law, but by and large it is the same. There isn't anything corresponding to the NY "reporting time" law. That wasn't really what I was looking for, I was just looking for a better-organized site for searching the Virginia Code.

Isn't that search engine awful??

breeze