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Hello,   I appreciate the help immensly, I am very confus...

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Hello,   I appreciate the help immensly, I am very confus...

 



Message Edited by kpaul212 on 12-03-2007 08:21 AM
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Re: Hello,   I appreciate the help immensly, I am very confus...



kpaul212 wrote:
Hello,
 
I appreciate the help immensly, I am very confused. I am a New York resident and have two charged off acounts. One that I settled and is listed "legally paid in full" for less than full balance" (credit card 1) and the other as completely charged-off (CC #2). They were both credit cards.
 
My question is, if the last payment for #1 was 02/06, and for card 2 was 06/06, when will they come off? Will the first card come off first because of the 5 year rule in New York?
 
Also my experian report says in the status, that CC#1 willcome off in 10/11 and CC#2 in  2012. How is this correct?
 
I am so confused. Please help if you can. Thanks!
 
 


You are confusing federal law that deals with CRA and state laws.
 
Federal law  CRTP
 
State SOL
 
SOL in NY is 6 years & only means that you can not be sued after 6 years....it will drop of CR in 7-7.5 years (CRTP)
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