Settling debts

[Anonymous]

I'd say yes, contracts were opened in Massachusetts which i think is 7 year SoL... Live in New Hampshire now, which is 3?

[guiness56]

Massachusetts is actually 6 years.

SOL normally goes by the state you currently reside in.

[Anonymous]

then would it be better for me to let them ride out til the 7 year mark hits which is 1-2 years more on most of them, besides one which is new that I planned to settle. it's small.

[guiness56]

Since they are outside of SOL you can send them a DV letter.  If they can't validate they have to remove it from your CR.

[Anonymous]

---

@laz98 wrote:

if she waits until they age off, then it's the same result, isn't it?

---

 Yeah ... since they are not lates they will not convert over to good standing accounts after seven years they will fall off.  Having the negatives deleted is a much better path than worrying about the aaoa.  People with limited history have a much better chance/easier route to prime cards than ppl with negatives such as CO's/CA'S.

[guiness56]

---

@Anonymous wrote:

---

@laz98 wrote:

if she waits until they age off, then it's the same result, isn't it?

---

 Yeah ... since they are not lates they will not convert over to good standing accounts after seven years they will fall off.  Having the negatives deleted is a much better path than worrying about the aaoa.  People with limited history have a much better chance/easier route to prime cards than ppl with negatives such as CO's/CA'S.

---

Not in all cases.  If it was your oldest account and you had it removed it could cause a lot of damage.  Each case is different and every options needs to be weighed.

[Anonymous]

---

@guiness56 wrote:

Not in all cases.  If it was your oldest account and you had it removed it could cause a lot of damage.  Each case is different and every options needs to be weighed.

---

Please read my last sentence though cuz that's a known fact

[guiness56]

---

@Anonymous wrote:

---

@guiness56 wrote:

Not in all cases.  If it was your oldest account and you had it removed it could cause a lot of damage.  Each case is different and every options needs to be weighed.

---

Please read my last sentence though cuz that's a known fact

---

ANY body would have that chance if they had no COs and/or collections. 

If you get every thing removed and have nothing left on your report, you will have a harder time since you have no history.

[Anonymous]

---

@guiness56 wrote:

ANY body would have that chance if they had no COs and/or collections. 

If you get every thing removed and have nothing left on your report, you will have a harder time since you have no history.

---

THIs is all i was stating

BTW I said limited not no history