Rebuilding Your Credit

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Mega Contributor
RobertEG
Posts: 14,723
Registered: ‎03-19-2007

Re: OMW........ where to start.

Options

‎10-13-2010 01:44 PM

SOL in most states including CA, is a legal defense you can raise in court as a defense  if the creditor sues you in court for a bad debt.

In most states the time that your begainning of your stastue of limitations begains on a date that is usually referrred to in the law as their date of legal "cause of action."

That is the first date that you went into default of your payment agreement with the OC.   I thinki, but am not sure, that the Ca SOL tolls after 4 years

Excepf for Texas,it never bars them brinhing suit against you at any time, forever.  So you must show up in court and first prove that the SOL on the alleged debt has expired.

If you show that in cuur and prove that your SO L has expired, then case dismissed  

SOL expiration,, if proven, is a absoute legal defense in most states

 

 

But credit reportng has nothing, zero, zilithch to do with SOL  Credit reporiing  has its own dates.  FCRA 605(a).

 

Message 11 of 11 (140 Views)
 
Reply

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.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+