Rebuilding Your Credit

[daytona18]

netpanther, I wish my scores were as "dead" as yours. LOL.  Anyway, I guess I would try a GW first, but I can't imagine they will be very helpful with an outstanding balance.  (The experts know more than I).   Of course, you need to make sure they are SOL in your state.  I hate to be the one to tell you, but I personally think you will have to "bit the bullet" and PFD.  But, good luck in either case.

[netpanther]

Thanks for answering so quickly. What does SOL mean?  I will look up common acronyms. Thanks- any more suggestions are great and totally appreciated. Thanks, netpanther

[netpanther]

Ok, I understand SOL is statute of limitations, but these are only about two to three years old and isn't 7 years the limit to which I could just ask to have them removed? Also, once I start disputing these, will it start the ages of the accounts over to the present day? Thanks again so much.

[daytona18]

Not the time that the TL can report, I am talking about the time the CA can sue for it's money.  You need to find your state's SOL.  Mine is 4 years for medical collections.  If you are within that time, the CA may just decide to take you to court.  If the amount it ouside of SOL, then it may just pay for them delete for payment...they will not be able to get their money otherwise.  Understand?  Sometimes, it does not pay to wake a sleeping giant.  Of course, think about how much better you will feel to finally pay off those debts (LOL)  irregardless.

[netpanther]

Ok- I live in KY so I need to look up the SOL for medical collections. Thanks.

[netpanther]

And yes, the responsible side of me definitly want to pay the debts. They are my debts of course- and whatever feelings I may have whether they were justified or not doesn't disclude the fact they are my debts.

[netpanther]

I keep trying to google the SOL for medical bills in KY and can't find specifically re: medical bills. It appears for CC and other loans 5 year all the way up to 15 years. It doesn't break it down really.

[netpanther]

This is all I can find for KY- I can't find for medical bills.

Kentucky Statutes of Limitation

Recovery of real property: 15 years (KRS 413.0 10).

Judgment, contract or bond: 15 years (KRS 413.110).

Breach of sales contract: 4 years (KRS 355.2- 725).

Contract not in writing: 5 years (KRS413.120). NOTE: Action for liability created by statute when no there is no time fixed by statute: 5 years (KRS413.120).

Action on check, draft or bill of exchange: 5 years (KRS 413.120).

Action for fraud or mistake: 5 years (KRS 413.120).

Actions not provided for by statute: 10 years (KRS 413.160).

[daytona18]

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netpanther wrote:

This is all I can find for KY- I can't find for medical bills.

Kentucky Statutes of Limitation

Recovery of real property: 15 years (KRS 413.0 10).

Judgment, contract or bond: 15 years (KRS 413.110).

Breach of sales contract: 4 years (KRS 355.2- 725).

Contract not in writing: 5 years (KRS413.120). NOTE: Action for liability created by statute when no there is no time fixed by statute: 5 years (KRS413.120).

Action on check, draft or bill of exchange: 5 years (KRS 413.120).

Action for fraud or mistake: 5 years (KRS 413.120).

Actions not provided for by statute: 10 years (KRS 413.160).

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Hmmm, gonna have to wait for Tuscani or Noah for that one.  Sorry.  Mine says "UCC", so, I dunno.  They will have the answer though, I am confident.

[netpanther]

Can anyone help me how to look up KY's SOL for medical bills? Also- is PFD the way I should go? I am confused, but want to do what is best.