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Pissed off

Valued Contributor

Re: Pissed off

Yes, paying on the account resets SOL.

5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 11 of 22
Established Contributor

Re: Pissed off

So if it resets the SOL, then in Pennsylvania  the SOL is 5 years.  This was paid off in January 2008.   I currently live in Texas where the SOL is 4 years.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

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Message 12 of 22
Moderator Emeritus

Re: Pissed off

If you paid it off, then there is no SOL. It's paid off.

Message 13 of 22
Established Contributor

Re: Pissed off

So then the question is why is this still on my credit report. 


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 14 of 22
Moderator Emeritus

Re: Pissed off

SOL has nothing to do with reporting. SOL is the time frame they have to sue. The reporting time period is 7-7.5 yrs and is called CRTP (credit reporting time period). It's set by the Fair Credit Reporting Act.

 

You said it isn't reporting as a CO or a CA. As RobertEG mentioned, is it a negative? Maybe it's a positive account, which can report for longer and actually help your credit.

Message 15 of 22
Established Contributor

Re: Pissed off

its negative because I have 18 late payments before 2008.  So its hurting me than helping.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 16 of 22
Valued Contributor

Re: Pissed off


jadeite788 wrote:

its negative because I have 18 late payments before 2008.  So its hurting me than helping.


Unfortunately, my best guess is that each late will drop off when it the lates hit  7 years.. in sequential order.

 

-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
Message 17 of 22
Established Contributor

Re: Pissed off

uggghhhhhhh.....figures


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 18 of 22
Moderator Emeritus

Re: Pissed off

+1  If it's just lates that reporting, and it's not been charged off, each late has it's own CRTP which is 7 years.  Sorry.  Smiley Sad

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 19 of 22
Established Contributor

Re: Pissed off

it sucks because I wanted to get a house this year, and I don't have anyything really on my transunion credit report.  That is really hurting my score, and I really think its unfair.


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

Take the FICO Fitness Challenge



Message 20 of 22