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Moderator
Posts: 17,409
Registered: ‎07-14-2009
0

Re: PFD didn't work. Now what?


Booner72 wrote:

Really?  That's good news.  I had asked on another post about this and was told they could keep on keepin on.  huh. 


Can you recall where you read this? If you can I will go there and make a correction to possible incorrect information.

 

Even though the CRTP runs from 7-7.5 years depending on the negative collection efforts can continue forever. Could this be what you read?

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
0

Re: PFD didn't work. Now what?

Let me go see.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
0

Re: PFD didn't work. Now what?

MV - I just bumped it up.  Maybe I was just confused on what I read, but I don't think my question was answered = the OP's was not reporting but they were still going after him. 

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Moderator
Posts: 17,409
Registered: ‎07-14-2009
0

Re: PFD didn't work. Now what?


Booner72 wrote:

MV - I just bumped it up.  Maybe I was just confused on what I read, but I don't think my question was answered = the OP's was not reporting but they were still going after him. 


You're talking about this thread correct? http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Can-CA-sell-debt-after-receiving-a-C-amp-D-le...

 

Unfortunately that's perfectly legal. Even after the CRTP has expired and a negative item can no longer be reported the debt still remains and can be attempted to be collected theoretically forever.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Moderator
Posts: 14,051
Registered: ‎04-15-2011
0

Re: PFD didn't work. Now what?

It can't report after 7.5 years but if your SOL is 10 years there is still legal recourse (ie judgements) that can be applied.  After the 10 year SOL is up they can still come after you for the amount but have no legal means.   A debt is always a debt until satisfied, but after the sol is up you can tell them to FOAD.   Goodluck!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

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