@Anonymous wrote:
@Anonymous wrote:
No problem interupting. We are all learning. Im wondering if new activity (payment 3/16) will make it not fall off at the 7 year mark
I don't believe a 3/16 payment will affect the 7 year reporting period, but it may reset the SOL clock in your home state
I would also suggest to leave it alone and see what you lender says.
I also left my CO alone, since it has already fallen off TU but I have a prepared response in case my lender questions it
So if I understand correctly, New Reporting will update it and may affect SOL but will not affect DOFD. So it could still fall but you may still be sued even if it falls off because SOL may reset, correct? In either case my main question is if it falls off and SOL is no longer in effect do I still declare it in a mortgage application or no? Thanks.
