Hello all, For those reading this, thank you and bare with me through this. I had (1) charge-off in the amount of 20K+ with Citibank. The last date of use was 8/2000. The Citibk entry is off of all 3 credit reports, but I have (2) different NCO entries on my EQ and I have (1) on my EX, and (1) on my TU. That is all I have my scores are from 655-665. (EQUIFAX) NCO FINANCIAL GROUP Account Number: NCOP PURC Acct Type: Open Account Acct Status: Open Monthly Payment: $0 Date Open: N/A Balance: $21,331 Terms: N/A High Balance: $13,789 Limit: N/A Past Due: $21,331 Remarks: COLLECTION ACCOUNT Payment Status: At least 120 days or more than four payments past due NCO FINANCIAL SYSTEM Account Number: XXXX Acct Type: Collection Account Acct Status: Open Monthly Payment: N/A Date Open: Aug, 2002 Balance: $13,789 Terms: N/A High Balance: N/A Limit: N/A Past Due: N/A Remarks: N/A Unpaid Payment Status: Unpaid (EXPERIAN) NCO FINANCIAL SVCS Account Number: Acct Type: Unknown - Credit Extension, Review, Or Collection Collection Account Acct Status: Closed Monthly Payment: $0 Date Open: Sep, 2002 Balance: $21,331 Terms: 1 Month High Balance: N/A Limit: N/A Past Due: $20,868 Remarks: N/A Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department (TRANSUNION) NCO FINANCIAL SVCS Account Number: Acct Type: Collection Account Acct Status: Open Monthly Payment: NA Date Open: Aug, 2002 Balance: $21,331 Terms: N/A High Balance: N/A Limit: N/A Past Due: $20,868 Remarks: Placed for Collection Payment Status: Collection account The question I have is...should I dispute as NOT MINE,,,then wait for the results and then send out Validation letters? I live in TX and I know the SOL is 4 years. If I dispute as NOT MINE will I awake a sleeping giant. Please if you can be of assistance or can help that would be great. And if you do respond,,please,,please be kinda thorough as I am new trying to do this on my own. If you need more if I can reply and add any other pertaining info. Thank you so much
BUMPING To Dipspute or Not to Dispute sneaker | 22 posts since Apr 2003 64.12.96.107 | 04.19.2004 @ 01:19 bump,,thanks
If date of last use is indeed 08/2000 and the SOL in your state is 4 years, then it should fall off your reports by the end of this August, no? Or am I wrong? Anyone?
The SOL for a lawsuit (4 years) has nothing to do with the SOL for reporting on a credit report (7 years). 20K is an awful lot of money...how did you get Citi off? Where are you getting the 8/2000 date?
Aug 2004 is the date after which they can't legally collect. Aug 2007 is when it would fall off the reports. Both of these hinge upon the accuracy of the 08/2000 DATE. The Sol and the reporting period have nothing to do with each other. To fix this discrepancy the reporting period should be revised to read 7 years or the expiration of the SOL which ever occurs first.
---if the SOl is 4 years, isnt this the last date the CA has to file for a judgement against the consumer? The CA can technically attempt to collect forever (letters/phone calls) unless the individual C & D them. The SOL does not make a legitimate debt go away...it just precludes the CA from obtaining a judicial order to pay...aka judgement...
Re: Re: To Dipspute or Not to Dispute An expired SOL is an affirmative defense. What that means is the debtor must go in and raise it during court. If they file a lawsuit after SOL, and you do not appear, they can get a judgment against you legitimately.
