Re: Re: Re: SOL question We're going to have to rename you to Gramps! Link to one, with links to the older discussion, and with Breeze too!!!!!! http://consumers.creditnet.com/straighttalk/board/showthread.php?threadid=39346 Sassy
Re: Re: Re: Re: SOL question first of all, what is with the personal attack? in the hippa post i stated what is known in law in the state i reside and i also stated to contact a lawyer to verify. secondly, in the sol post i stated it was my understanding that the sol referred to cra not collection - again, never stating this to be law where they are from, strictly what i know for the state i reside. there is no confusion on my part, maybe on yours, but not mine. i do know the laws in my state. as with any advice you seek, you should verify it with state laws and regulations.
Re: Re: Re: Re: SOL question this site has some info on the SOL's for the actual debts themselves , the state laws. (not the CRA portion, which is federal, right?) http://www.cardreport.com/laws/statute-of-limitations.html have no idea on the integrity of that site..just found it on google..always search actual legal documents for your state to be 100% certain on the SOL's before proceeding. TBOY, i saw you found the SOL, just posting this for jenz
Re: Re: Re: Re: SOL question thanks for the post. the sol in my state is seven years and this link lists six. irregardless, these boards are great, but seek professional legal advice. and read up on case laws regarding the issue.
Re: Re: Re: Re: SOL question jenz, You are confusing two things, but this is definitely very confusing until you get into it for a while. The seven years is how long CRAs are allowed to report derogatory items (except in NY). This is governed by federal law. However, reporting has nothing whatever to do with collecting. Every state has a Statue of Limitations (SOL) (or a series of them depending on the type of debt) that determines how long creditors have to collect this debt. In most states, they can attempt to collect after the SOL has run. In fact, they can even sue you. Since many people don't know about the SOL, they'll get a letter and pay the debt, which is gravy for the CA. In many states, they can sue you, and if you don't show up, they can still get a default judgment and collect. BUT, if you show up in court and present the SOL as a defense, the suit will be dismissed. The confusion of SOL and reporting period is probably one of the biggest problems in credit repair.
Re: Re: Re: Re: SOL question i'm not new to this, i know about sol on bureaus and debts. i think the confusion here is whether or not you guys think i know what i am talking about. so be it.
Re: Re: Re: Re: SOL question i successfully got a CA to remove a tradeline (OC - VERIZON), but verizon sent me a letter stating that I owe this money still. Last transaction on account was 7/2000. this was for a maryland account. in MD, SOL for open-ended accounts is 3 years. i live in VA now and that is also 3 years. This account is past the SOL, correct? This means they can no longer make attempts to collect this debt, right? Also ... if a debt is past the SOL, can a CA continue to collect on the debt? tboy74 ============ They can try but they can't collect. THE END ** *** ** LB 59
