Missouri Statute of limitations

[Anonymous]

I live in MO where credit SOL is only 5 years. I had a few 30/60/ and even a few 120 day lates on various accounts that happened back in 08-09, should those be "falling off"? Thank you!

[gdale6]

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@Anonymous wrote:

I live in MO where credit SOL is only 5 years. I had a few 30/60/ and even a few 120 day lates on various accounts that happened back in 08-09, should those be "falling off"? Thank you!

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Your states SOL has nothing to do with how long derogs can remain on your CRs, the FCRA controls that. Individual lates drop at the 7 years mark, COed or CA accounts can remain on file for up to 7.5 yrs post the DoFD, the CRAs typically will remove them at the 7 years mark to stay within the law.

[Anonymous]

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@gdale6 wrote:

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@Anonymous wrote:

I live in MO where credit SOL is only 5 years. I had a few 30/60/ and even a few 120 day lates on various accounts that happened back in 08-09, should those be "falling off"? Thank you!

---

Your states SOL has nothing to do with how long derogs can remain on your CRs, the FCRA controls that. Individual lates drop at the 7 years mark, COed or CA accounts can remain on file for up to 7.5 yrs post the DoFD, the CRAs typically will remove them at the 7 years mark to stay within the law.

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Does that kick in from the date the account was closed, the date the account was first delinquent, or the date the account was opened? Thank!

[Anonymous]

After a little googling I found that it starts from the date you were first delinquent and expire monthly after.

[gdale6]

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@Anonymous wrote:

After a little googling I found that it starts from the date you were first delinquent and expire monthly after.

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Yup, the DoFD starts the clock ticking for CRTP and states SOL.

[RobertEG]

DOFD has nothing to do with monthly delinquencies.

DOFD only applies to collections and charge-offs.

Each monthly delinquency has a exclusion period of 7 years from its individual date of occurence.