@JuJuBee84 wrote:
When my son was born 5 years ago, I had to have an emergency C-section which left me with alot of medical bills. I paid the smaller ones but have a few others I never paid. I believe the SOL in California is 4 years but they are all reporting to the credit bureaus. So I'm confused- even though the SOL has expired will these still continue to be reported on my CR for 7 years?
HI there.
The SOL (Statute of Limitations) is not the same as the CRTP (Credit Reporting Time Period). The SOL is set by each state and lays out how long a creditor has to bring a lawsuit for unpaid debt.
The CRTP is federal law and sets time limits as to how long negative information can report. A collection can report for up to 7.5 years from the DoFD (Date of First Delinquency) on the OC (Original Creditor) account that led to the collection.
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".
