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Transferred,closed/Account charged off. $873 written off.
Date Opened:
06/1995 Date of Status:
09/2006 Reported Since:
02/2000 Last Reported Date:
09/2006
Type:
Revolving Terms:
N/A Monthly Payment:
$0 Responsibility:
Joint with JOHN DOE
Credit Limit:
N/A High Balance:
N/A Recent Balance:
N/A Recent Payment:
N/A
Creditor's Statement:
Purchased by another lender.
Account History:
Charge Off as of Oct 2002
150 days as of Sep 2002
120 days as of Aug 2002, Jun 2002
90 days as of Jul 2002, May 2002
60 days as of Apr 2002
30 days as of Mar 2002
AND WHAT SHOULDI DO WITH IT ITS DUE TO FALL OFF MY REPORT 5/09
DOFD is 3/02. The account was charged off by the OC as a tax loss in 10/02, and at some late, unspecified date, it was apparently sold to a CA, so you might get a CA posting on your CR within the next year.
For CR purposes, the CO and/or CA have no bearing.l It should drop from you CR 7 1/2 years from the DOFD, or in 10/09.
For lawsuit purposes, provided that you have made no payments or offers to pay, and depending upon your state SOL law, you have most likely now reached 6 years running against your SOL. If your state SOL is 6 years or less, and you have done nothing under your state SOL law to reset this period, you would have an absolute defense against any suit for collection of the debt.