Posted on
September 25, 2009
at
11:30 am
The statue of limitations has ended on my depts. For many years my credit report was a mess but now its finally back to order. I recently received a call from a creditor who has purchased the dept from the originally creditor and are now attempting to collect on it. They agree the statue of limitations has expired. My question is can a creditor post negative things on my credit report on a dept which has past the statue of limitations?On that note what else could they possible do that might affect me? Thanks for the advice and help!
Posted on
March 9, 2010
at
4:58 am
Re: Statute of limitations and credit report -Hi Ryan, did you mean to ask if collection activities are going toappear on your credit report even if the collection agency admittedthat the SoL on the debt has expired?
Posted on
March 9, 2010
at
4:59 am
Re: Statute of limitations and credit report ---A related question to this is - can I remove collections from my credit report?How? Would it cost?
Posted on
March 9, 2010
at
5:11 am
Hi ryan h - what is your debt type? Some items on your report cannot be removedlegally as they have to "serve their own time" (expiration date) ::::/Chapter 7 - 10yrs// Chapter 13 - 7 yrs//Tax Lien - Until paid off// Child support - Until paid off// Collections - 7yrs// Charge Offs - 7 yrs// Late payments - 7yrs// Inquires - 24 months// Foreclosure - 7 yrs// Repossession - 7 yrs//udgments - 7yrs/*Expirations date starts ticking from the original collection date.
Posted on
March 9, 2010
at
5:13 am
I agree - although you may challenge inaccurate reports - you canrequest for an investigation - it's free - and if you're correct -not only would the negative items be removed - the credit reportingbureaus are also to send you an updated copy of your report.
Posted on
March 9, 2010
at
5:15 am
Hi ryan - I hope you didn't admit to the debt or promised to pay for it - without firstrequesting them to VALIDATE that debt. The SoL on it would start ticking againhad you let yourself be bullied or fooled by their collection tactics.
