Sol

[Sbrooks1]

Any of you with extended SOl like me!! 10 yrs. what do you guys do , try and settle or let sleeping dogs lie ! Midland 8 yrs and 3 months in

[RobertEG]

Have they been actively pursuing the debt?

[Sbrooks1]

Not that I know? I haven't seen any collection I did see a soft pull last year right before it fell off my reports

[Sbrooks1]

Looking to app for mortgage 5/17 don't want any surprises as still over a yr left at that point

[gdale6]

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@Sbrooks1 wrote:
Looking to app for mortgage 5/17 don't want any surprises as still over a yr left at that point

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A mortgage app is going to pull them out of the woodwork but they can only report if its not reached the CRTP max of 7.5 yrs. You might want to get a mortgage lender to pull well in advance of the real pull to see who might come to the table, I suggest at least 7 months in advance.

[RobertEG]

Is the 8 years you cite based on time since the reported DOFD?

If more than 7 years plus 180 days from DOFD, it is excluded from your credit report even if they were to repott.

The remaining issue would be whether your lender, as part of their application process, will ask for a listing of any unpaid, deliquent debt, and thus become aware by means other than a pull of your credit report.

Best bet is to attempt a settlement.

[Anonymous]

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@Sbrooks1 wrote:
Any of you with extended SOl like me!! 10 yrs. what do you guys do , try and settle or let sleeping dogs lie ! Midland 8 yrs and 3 months in

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Hi Sbrooks.

Since its Midland, I would work on settling with them.  I wouldn't put it past them to wait 3 months before the SOL is ending and bring forth a suit.  Just don't trust them. 

[RonM21]

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@gdale6 wrote:

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@Sbrooks1 wrote:
Looking to app for mortgage 5/17 don't want any surprises as still over a yr left at that point

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A mortgage app is going to pull them out of the woodwork but they can only report if its not reached the CRTP max of 7.5 yrs. You might want to get a mortgage lender to pull well in advance of the real pull to see who might come to the table, I suggest at least 7 months in advance.

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+1

I like this thought, as it certainly can't hurt, and will give you a chance to see what your'e dealing with in advance.  Then, you can go from there and plan accordingly.