SOL

[vpanos1787]

Does the actual date of deliquency start day one of your SOL?  My account is has a date of deliquency year of 2006 and Kentucky's SOL is 6 years.
Is this a way to get it off my credit report?  

[DaBears]

is it paid or unpaid?

[guiness56]

There are two different SOLs.  One commonly referred to as CRTP is how long an item can be included on your CR.  That is 7.5 years from the DoFD and is federally mandated.  The other is your states SOL which only applies to the time someone can bring suit against you.  It has nothing to do with reporting time.

[vpanos1787]

It is unpaid.

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@DaBears wrote:

is it paid or unpaid?

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[vpanos1787]

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@guiness56 wrote:

There are two different SOLs.  One commonly referred to as CRTP is how long an item can be included on your CR.  That is 7.5 years from the DoFD and is federally mandated.  The other is your states SOL which only applies to the time someone can bring suit against you.  It has nothing to do with reporting time.

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Thank you. I was not aware that there were two.

[DaBears]

Unpaid debt does not go away. Paying the old debt can have it removed from your CR if whoever is reporting it agrees for a PFD which is Pay For Delete or you can do a settlement then GW ( Good Will ) letter to have it remove or just wait till it drops off.