Hi, I have a bunch of old debts that hit the 6 year SOL for collection in the middle of 2006 -- most have last payments ranging from March to June 2000. I am pondering requesting validation from the credit reporting agencies because in many cases I no longer remember the last payment date exactly and in some cases I don't know what the debt is for! In any case, the main question is, can this hurt me in any way? I don't think so but before I make a huge mistake I just want to make sure that asking for validation won't toll the SOL or hurt me. Thanks a bunch. earl
If you're sure they're out of SOL, there's nothing that can hurt you. Sure, some items may be re-aged or prompted into more current reporting, but this is stuff that, at worst, would come off next year anyhow.
Thank you. I'm sure of the June 2000 date because of a particular surgery (you'll remember being hit by a car ). No payments were made after that, so that is a upper bound for the most recent possible payment.
Why don't you call the CRA's and ask for DOFD or compliance date? Then you will know if you want to take this further. Just my opinion Plaudit
Medical is complicated, because medical may not have an SOL the way most accounts do. So tread carefully.
It would still have a SOL, but it might be the one applicable to a written agreement, instead of a revolving account, and depending on state law that might be a different time period. Was the provider "in-network" under contract with any insurance company you had coverage thru at the time? Were all insurance claims properly submitted and paid? Were any required insurance schedule adjustments made?
