Statue of Limitations won't work on Walmart Credit Card

[Anonymous]

I used the Statue of Limitations for my state to erase many late payments from my husband's credit. They removed sallie mae and various credit cards' late payments. On the same letter I listed Walmart credit card and a Missouri Student Loan company. Walmart didn't delete ANY late payments and Missouri deleted most of the dates but kept two. What gives? What else could I do to get rid of old late payments that affect his credit score?

[stargazer25]

Status of limitation comes into play with the OC ability to sue you for a debt. I don't know how SOL would remove late payments.

[Anonymous]

Hmm I used a letter template someone gave me and was able to get quite a few late payments off. Maybe it was luck? My letter is below:

Name
Address
Jackson, MS 39211
SSN:

TransUnion
P.O. Box 2000
Chester, PA 19016

Dear TransUnion,

Upon reviewing my credit report for inaccuracies, I noticed several accounts on my credit file that are outdated based on the Law of Limitations in the State of Mississippi, MCA 15-1-29 and MCA 15-1-31. These accounts have been on my report more than the three-year requirement. Therefore, I am requesting that your company abide by the laws mandated by the Fair Credit Reporting Act and removed from all of the following accounts.

1. 

2. Account: DEPT OF ED/NELNET
Date Opened: Aug 21, 2008
First Reported: May 2010
Recent Balance: $0 as of 12/30/2016
Dates: 02/2011, 01/2012
3. Account: MISSOURI HIGHER EDUC
Date Opened: Aug 12, 2005
First Reported: Aug 12, 2005
Recent Balance: $0 as of 12/30/2016
Dates: 12/2010, 03/2013
4. Account: SYNCB/WALMART
Date Opened: Nov 11, 2007
First Reported: Nov 11, 2007
Recent Balance: $0 as of 12/30/2016
Dates: 05/2010, 06/2010, 08/2010,09/2010, 10/2010, 11/2010, 12/ 2010,01/2011,02/2011,03/2011,04/2011,05/2011,06/2011,10/2011,02/2012, 11/2012, 02/2013/ 03/2013, 08/2013, 09/2013, 11/ 2013, 12/2013
5. Account: CREDIT ONE BANK
Date Opened: May 2014
First Reported: May 2014
Recent Balance: $0 as of 12/30/2016
Dates: 01/2014

[Anonymous]

SOL only applies for you being liable for a debt, bad debt information can remain on your credit report for 7 years unless you convince the creditor to remove it.

Edit: Also forgot sometimes the terms and conditions you agree to sometimes specify which state laws will be used, so check they might not even be past the SOL.

[stargazer25]

I looked up the law. There are written contracts. I don't understand how that would get the lates removed. 

Have you tried the good ol' fashioned GW request?

[Anonymous]

I have tried a GW request but it's been two weeks and I haven't heard anything. I guess I should keep my fingers crossed and hope they help me out!

[Bigcease]

Is that the entire letter? I'm feeling lucky 

[Anonymous]

Yes this is the entire letter. I used credit karma and sent the letter to the three credit bureaus. I heard something back in two weeks. I did this with my three friends credit including my husband and everyone's score increased after late payments were removed. It now just says no information provided for these months late. You should try it. You only have three stamps to lose!

[Anonymous]

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@Anonymous wrote:
Yes this is the entire letter. I used credit karma and sent the letter to the three credit bureaus. I heard something back in two weeks. I did this with my three friends credit including my husband and everyone's score increased after late payments were removed. It now just says no information provided for these months late. You should try it. You only have three stamps to lose!

---

Have you checked your 3B reports to make sure that the lates are truly gone?  Sometimes CK will take off information, only to bring it back at some unknown date.  In looking at your information, it appears that Walmart will soon begin to remove  late payments  in May as the 7 year exclusion is coming up for some of them. 

[Anonymous]

This is a bizarre situation.

The statute of limitations has nothing to do with how long items stay on your credit report, positive or negative. The statute of limitations determines how long you can be sued for any particular item (there are nuances to it, but that's the basics), and that can vary based on what state you were in when you entered the contract, what state the creditor is in, and what state you're in now.

Requesting/demanding deletion of derogatories because they're past that statutory mark isn't how it's supposed to work. Kudos to you that you somehow got items deleted, but I wouldn't be surprised in the slightest if they reappear and stay for the full 7 years.