SOL in Texas for Midland Funding, LLC

[StevenRocky]

Hi,

I just read somewhere online that the SOL in Texas is 4 years for collections. Is this true? The OC was Tmobile and last deliquency was around 12/2007. Tmobile isn't reporting to my credit reports anymore however Midland Funding is the current collection company trying to get me to collect. Can I have them deleted from my report(s) due to this SOL or not? I'm confused. I would appreciate any help/advice. Thanks

[myjourney]

SOL= statues of limitations...meaning you can't be sued for the debt

[StevenRocky]

OK Great. Thanks. Knowing that now about the SOL in Texas, what does this mean for them reporting to the CA's (credit agency's)? Do they have to remove it? 

[myjourney]

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@StevenRocky wrote:

OK Great. Thanks. Knowing that now about the SOL in Texas, what does this mean for them reporting to the CA's (credit agency's)? Do they have to remove it? 

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No the timeframe is still 7 years reporting but you just can't be sued for the debt IIRC  

Someone correct me if wrong 

[azguy13]

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@myjourney wrote:

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@StevenRocky wrote:

OK Great. Thanks. Knowing that now about the SOL in Texas, what does this mean for them reporting to the CA's (credit agency's)? Do they have to remove it? 

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No the timeframe is still 7 years reporting but you just can't be sued for the debt IIRC  

Someone correct me if wrong 

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No, you are correct MJ. The statute of limitations just prevents the CA from suing you. However, they can still continue to try and collect veia phone calls and other means. Once the 7 years is up, you should be good to go. Keep in mind though that even if it is off your report, they may still try and collect. This is generally when the bottom-feeder CA's come out of the woodwork. 

[StevenRocky]

Thanks azguy13! I think I may just  wait out the 7 years which is coming up around 9/2014. Just curious, what about a DV letter? Will this do anything for me? I've read that it  doesn't hurt to try. I know its only a couple more months a way. But I have some things falling off next month, so I'd thought maybe I'd try with Midland. 

[myjourney]

For a few months I wouldn't risk waking a sleeping giant IMHO

The credit game is all about persistence and patience 

Good credit is a marathon and not a sprint 

Good luck