SOL in Florida...

[MissMia75]

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@prolificjinx23 wrote:

I learn something new every day!!!! SOL in FLORIDA 5 YEARS NOT 7!!!!! Woooooohoooooooo!!!!!!!

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[prolificjinx23]

I have a charge off DOFD 09/2004 from GEMB/Chevron!!!! They should have BEEN off!!! The funny thing is I've disputed this account a few months ago because I thought the SOL was 7 yrs so I was trying to get the CRA's to delete before the 09/2011 date I assumed!!!!

LIFE IS GOOD!!!!

GOD IS GREAT!!!!!

[Anonymous]

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@prolificjinx23 wrote:

I have a charge off DOFD 09/2004 from GEMB/Chevron!!!! They should have BEEN off!!! The funny thing is I've disputed this account a few months ago because I thought the SOL was 7 yrs so I was trying to get the CRA's to delete before the 09/2011 date I assumed!!!!

LIFE IS GOOD!!!!

GOD IS GREAT!!!!!

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Many people confuse SOL with CRTP.

SOL = statute of limitations: The time period during which one has to sue you over a debt.

CRTP = credit reporting time period: The time period during which an item can remain on your credit report.

The two are not the same thing.

[prolificjinx23]

Thanks for the info... Even with the clarification I'm still happy!!!!!!!! Because after SOL is up there's really no reason why a creditor would keep an account on my CR paid in FULL with a zero balance - It's not really to anyone's advantage... Maybe since SOL is up I can talk them into taking it off sooner!!! Thanks guys!!!!!

[Anonymous]

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@prolificjinx23 wrote:

Thanks for the info... Even with the clarification I'm still happy!!!!!!!! Because after SOL is up there's really no reason why a creditor would keep an account on my CR paid in FULL with a zero balance - It's not really to anyone's advantage... Maybe since SOL is up I can talk them into taking it off sooner!!! Thanks guys!!!!!

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You are confused.

The SOL has virtually zero to do with credit bureau reporting. 

It is the credit bureaus that keep a closed account on your credit reports and they will generally do so for the full length of the CRTP.  Even if you dispute the tradeline, the creditor will, regardless of the SOL, verify the data as accurate.  Their logic is that by accurate reporting for the full term of the CRTP they protect other creditors from being deceived into thinking one is a good credit risk.

[CS800]

Glad to know that the SOL for FLorida is 5 years.

What's the CRTP for Florida?

[Anonymous]

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@CS800 wrote:

Glad to know that the SOL for FLorida is 5 years.

What's the CRTP for Florida?

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It's the same almost everywhere.  Depending on the type of debt, from 7 to 7.5 years usually.

[prolificjinx23]

With less than 60 days to get to 7.5 years, I think I'm entitled to think optimistically... I did say maybe! O6, I hope that u know that we are not completely ignorant. I'd like to think I've done something right going up nearly 100 points in 6 months. Now I know that you have the facts but sometimes (GW's for example) its not the facts that matter.... its about faith & hope!!! Have a GOD blessed day!!!