topic Re: Question about Date Reported in Rebuilding Your Credit

Question about Date Reported

Anonymous — Tue, 04 Aug 2009 18:54:27 GMT

I've read that the statute of limitations runs off a date on the account in which they cant collect like 3 years after that date. Is that date the Date Reported date on the account? I am asking because I am using the trial on Transunion and it shows changes in each field with an indicator with the before and after value. On one collection, the Date Reported was 7/21/2009 on my credit report from 7/30/09 and on the refreshed credit report I got today, the Date Reported is 7/27/2009. Are they trying to extend the date out to keep the SOL from expiring?

Re: Question about Date Reported

Anonymous — Tue, 04 Aug 2009 19:21:03 GMT

SOL starts running from the DOFD.

The date reported has no impact on when the SOL expires or when something falls off your reports. It is only the date the CA reported it to the CRAs.

The DOFD is set by the OC and can not be changed. It is a federal law.

SOL are state laws and vary by type of account and state.

The SOL only keeps them from suing and winning if you were to use expired SOL as a defense.

Once the SOL has expired does not mean the debt goes away, except in at least one state.

They can continue to attempt to collect forever.

Message Edited by guiness56 on 08-04-2009 12:21 PM

Re: Question about Date Reported

Anonymous — Tue, 04 Aug 2009 20:05:50 GMT

Thank you guiness56!