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I sure hope someone is able to help me understand. I currently live in Texas and have collections on my credit. The SOL would be 2016 correct? I am going to try and PFD this one but was just curious as far as the SOL here.
CAVALRY PORTFOLIO SVCS #1779**** | |||||||
500 SUMMIT LAKE DR (800) 501-0909
Remarks: >PLACED FOR COLLECTION< Estimated month and year that this item will be removed: 08/2018 |
TX SOL 4 years across the board. If this is scheduled to be excluded in 2018 then yes, TX SOL would expire in 2014 based on that date.
So why does it say
Estimated month and year that this item will be removed: 08/2018 |
The 2018 is the time it can remain on your CR. SOL for TX refers to the time they can bring suit against you.
Also, it lists a last payment made date. Is that accurate? The last time you made a payment.
Yes that was the last payment made.
Then your SOL for TX would expire 4 years from that. Sep 2015.
so it is the date of the last payment or the date placed for collection which ever is later?
So would this would fall off 9/2013?
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Address Identification Number: |
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Status: Collection account. $52 past due as of Sep 2009. |
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Payment History: 2009
SEP
C |
It's actually 7 years + 180 days from date that lead to the CO or collection. But for this report they only added 7 years and not the 180 days.
@SSH0126 wrote:So would this would fall off 9/2013?
Address:
612 GAY ST
KNOXVILLE, TN 37902
(865) 971-1300Account Number:
xxxxxxxxxxxxxxxxxxx
Address Identification Number:
Status: Collection account. $52 past due as of Sep 2009.
Date Opened:
08/2009Reported Since:
09/2009Date of Status:
09/2009Last Reported:
09/2009
Type:
CollectionTerms:
1 MonthsMonthly Payment:
$0Responsibility:
Individual
Payment History:
2009
SEP
C
This one doesn't give the information needed to figure it out.