Need an expert to assess my situation!

[demitasse03]

TO THE EXPERTS ON THIS FORUM: I need your advice, please!  Below is a snapshot of my situation.  For the last couple of months, despite my efforts in cleaning up accounts that weren't mine, paying off most collections, etc., my scores are lower than when I started.  How should I proceed at this point to raise my scores.  Thanks in advance for your input! (Due to size limitations, I'm dividing this message into two posts).

TU – 513

EQ – 551

EX - 564

DEROGS:

Company           Bal       Status                             Assignment        Action/Notes

Medical               555       Collection                         DOLA 5/2005        EQ only; CRAs to validate

Medical               438       Collection                         DOLA 4/2005        EQ only; CRAs to validate

Medical               121       Collection                         DOLA 12/2002      EQ only; CRAs to validate

Medical               64         Collection                         DOLA 1/2003        EQ only; CRAs to validate

Medical               386       Collection                         DOLA 2/2003        EQ only; CRAs to validate

Medical               417       Collection                         DOLA 3/2003        EQ only; CRAs to validate

Cap One             1045     Unpaid chargeoff               DOLA 6/2003        Monthly pmts since 2005

FNB Brookings     311       Unpaid chargeoff               DOLA 10/2003      Monthly pmts since 2005

Unique                55         Paid collection                   Assigned 9/2004   GW sent – won’t delete

[demitasse03]

DEROGS (cont.,)

Comcast             144       Collection                         Assigned 12/2001  Pending deletion by Comcast

Comcast             79         Collection                         Assigned 3/2006   Pending deletion by Comcast

ACS student loan 0          Late 180 days                   DOLA 6/2004       

US Dept Educ      0          Late 120 days                   DOLA 8/2002        TU only; EX, EQ as current

Nat. City Mort.     0          Foreclosure                       DOLA 12/2001     

Cap One*            1,277    Paid Collection/CO            DOLA 6/2003       

CCS                   0          Late 120 days                   DOLA 8/2002        TU only

CLC                    0          Paid Collection                  DOLA 10/2002      EQ only

CSRSI                0          Paid Collection                  DOLA 6/2002        TU and EQ only

Global Credit       0          Paid Collection                  DOLA 12/2002      Pending - possible deletion

Palisades             0          Paid Collection – Late 120  DOLA 1/2002        GW sent – won’t delete

Verizon               0          Paid Collection/CO            DOLA 9/2005        GW sent – won’t delete

OPEN ACCOUNTS:

Company                   Bal                       Status

ACS Stud Loan            53,674                  Pays as agreed

First Premier               89                         Current

PUBLIC RECORD:

CapOne              1,277       Paid Judgment   Date filed 5/2005  TU, EX as paid; EQ as filed

Four INQUIRIES since June 2007                                                                                  

[Anonymous]

Wait a little bit for your DV's, PFDs and GWs to do what they're gonna do.

Then - PFD and GW your heart out!

[Anonymous]

what is your SOL???

[demitasse03]

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@Anonymous wrote:

what is your SOL???

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The majority of the debt originated in Maryland. The Maryland SOL for open ended accounts is 3 years. I currently live in Texas where the SOL is 4 years.

I have another question: For the last two years I have been making payments on two accounts that are past the SOL. Since I've been making payments, does this in effect cancel the SOL?

[Anonymous]

It resets the clock on the SOL, but does not affect the 7 year reporting period.

[demitasse03]

bump

[Anonymous]

call your ags office & ask to apeak to soneone for info on consumer law (atate)....where I am they put me through to the banking dept.

The reason being ....this is what the law states ( Tx.)

The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

find out if the cause of action begins again with pmts to a CA.  IF you are lucky it might go back to orig.DOFD.  BUT you need to know.

[demitasse03]

Good point.  I have checked into this for both Maryland and Texas, since I incurred most of my debt while residing in Maryland.  I currently live in Texas.  Here's what I found:

Maryland - The 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt by a good faith basis by a written agreement, orally, or by payment.

Texas - The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Message Edited by demitasse03 on 08-23-2007 02:04 PM

[Anonymous]

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demitasse03 wrote:

Good point.  I have checked into this for both Maryland and Texas, since I incurred most of my debt while residing in Maryland.  I currently live in Texas.  Here's what I found:

Maryland - The 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt by a good faith basis by a written agreement, orally, or by payment.

Texas - The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Message Edited by demitasse03 on 08-23-2007 02:04 PM

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when making payments for 2 years, where you living in TX ????  If so I would say TX law would apply.

Be SURE and check with Tx  as to restarting SOL.

Message Edited by HappyDays on 08-23-2007 02:20 PM

Message Edited by HappyDays on 08-23-2007 02:21 PM