Rebuilding Your Credit

[Client9]

say you get a CC in a state with a 3 year SOL then drop off, but you move to a state that has a 10 year SOL.  What takes precedence?

[slyhouse08]

The company can use which ever they please...

[HappyDays]

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Client9 wrote:

say you get a CC in a state with a 3 year SOL then drop off, but you move to a state that has a 10 year SOL.  What takes precedence?

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They can file suit in either state & you better believe that they will use the longest SOL. You used the words *fall off*   If you meant that it drops from your CR in 3 years or whatever SOL is....you are incorrect. SOL is only the time in which a creditor can sue you.  CRTP which deals with the length of time something is on your CR

If you had a CC and stopped paying for it....it would remain on your CR as a CO  for approx 7 years from DOFD.

[Client9]

My question was only a hypothetical.  Just something I was wondering about.