Thanks to this board I have one last derog on my TU. It is a charge-off - purchased by another lender - reported by sears. DOLA is 1997. All 3 CRAs have verified. Sears is sticking to their guns. Do I dare send validation letters out? This thing is going to fall off in June, but I really need a clean report by January. I fear that they will find some way to re-age this thing. Any advice?
4 Years max. There are 3 states in which it is actually illegal to attempt to collect a Post SOL debt. CA. is one of em. Have they attempted collection at all? Is it in the hands of a CA? Or just dealing with Sears? ??? .
FWIW, I've got a paid CO with Sears that is all over the map in the way they are reporting to the 3 Bureaus. Multiple letters to the CRAs and Sears. No joy. Finally going to small claims next week. In advance of that I talked with a consumer attorney. He tells me that in his experience Sears typically stonewalls with letters only, but "comes crawling" as he put it when you actually take them to court, assuming you have documented violations.
