Reply
Member
Newblood
Posts: 9
Registered: ‎10-08-2012
0

Federal Statute of Limitations for cell phone debt

I had a collection show up today with EOS CCA for an old AT&T bill from 2005. I read that there is a federal sol on this debt of two years. Is this correct? Thanks in advance.
Contributor
diabla
Posts: 230
Registered: ‎10-01-2012
0

Re: Federal Statute of Limitations for cell phone debt

I've never heard of that but it would be great for a lot of people if true, however, it could probably still report for the full 7.  BUT a bill from 2005 is probably past SOL anyway and definitely at the 7 year mark for the CRA, correct?  What's the SOL for your state?  And is 2005 when the bill went past due?

 

Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Federal Statute of Limitations for cell phone debt


diabla wrote:

I've never heard of that but it would be great for a lot of people if true, however, it could probably still report for the full 7.  BUT a bill from 2005 is probably past SOL anyway and definitely at the 7 year mark for the CRA, correct?  What's the SOL for your state?  And is 2005 when the bill went past due?

 


Yeah, this part is most important, is 2005 when it was opened, or when it reported as DOFD.  If it is DOFD, then there's at most two months left reporting.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Member
Newblood
Posts: 9
Registered: ‎10-08-2012
0

Re: Federal Statute of Limitations for cell phone debt

Spoke to the collections agency and they said the debt was from 2009. What would you suggest I do next?
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Federal Statute of Limitations for cell phone debt

Send a DV or debt validation letter.  Keep in mind AT&T was a different company in 2005 than it is now, so it may be more difficult for them to validate.  Assuming it comes back validated, offer a pay for delete.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
0

Re: Federal Statute of Limitations for cell phone debt


Jutz wrote:

Send a DV or debt validation letter.  Keep in mind AT&T was a different company in 2005 than it is now, so it may be more difficult for them to validate.  Assuming it comes back validated, offer a pay for delete.


EOS-CCA has been placing TONS of iffy ATT debt on credit files... check your PM, I sent you a solid contact within EOS-CCA.. email them and question the debt validity... you will get it removed..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}