Hi 4real, Please read
This is full of info. and also has the abbrevs that we use.
Before doing anything you need to know what your SOL is
simple SOL
CRPT v SOL
If you are past SOl they can not sue you! CRTP deals with CR only!
Anything that falls off in 2008 don't touch it At least until we know what it is.
When collections drop your scores can go up 30-50 points (that is what we have found so far)
For medical bills....many states have no SOL on hosiptal bills BUT other medical go by SOL.
We need to know dates before we can advise what to do & when to do it.
Items drop off CR 7-7.5 years from DOFD (TU & EX use DOFD EQ usues DOLA)
Most states use DOLA for SOL.
When working on collections (if on CR usually means a CA is reporting) We have DV letters that we use.
Lets start with the CC COs..................look at the OC that will tell you the DOFD and the DOLA
Also look for CAs that were assigned or bought your debt for the CCs
CAs are know for changing the account #s from the OC.......try to match the amount owed OR if you get lucky a CA might show the name of the OC.
Always KEEP all hard copies of your CR forever.....debts are sold over & over soooooo we might get it removed or dropped now and it will show back up in a few years! Your old CR are your proof of what the DOFD or DOLA was.
A simple could wake a sleeping giant. On accounts that are not due to drop before 2009 you might be within SOL and they could file suit before you are ready.
Also when dealing with a CA it can be better if they have no idea that you know about them. They could have trouble getting the required info. that they need for a DV within the 30 day time limit.
Example:
Cap1 opened 1999 Closed or CO 4/2002
Dr. Joe Blume appt.was 4/2005 This type of medical would go by the mo. after the appt. DOLA would be 2/2005 and DOFD would be 5/2005
Message Edited by HappyDays on
01-27-2008 02:42 PMMessage Edited by HappyDays on
01-27-2008 02:46 PM