Quick answer anyone

[gdtobefree]

I am doing a dispute with TU online there is a collection that is past SOL by 5 yrs what do I check in the dispute?

[Anonymous]

Quick question. You say 5 years PAST SOL?

 Is it also past CRTP? If so, obsolete comes to mind.

[Anonymous]

---

gdtobefree wrote:

I am doing a dispute with TU online there is a collection that is past SOL by 5 yrs what do I check in the dispute?

---

Collections, paid or unpaid, remain on your credit report for 7-7.5 years from Date of First Deliquency(DOFD), according to others on these forums and the Equifax rep I spoke with

a few days ago.........Considering another rep told my wife different yesterday....I wouldn't believe this to be true except I've seen it on here several times. One of the stickys at the top of the forums list all the time periods. You can double check there.

SOL (the time a collection agency/original creditor has to sue you) is usually different then the CRTP(credit reporting time period).

Message Edited by sidewinder on 02-08-2008 04:22 AM

[Anonymous]

If it is past the SOL, but WITHIN the CRTP, then disputing could backfire on you!

SOL has nothing to do with the time period a record is kept on your credit report. As the other's have stated, SOL is only the time period in which a creditor is allowed by law, to bring suit against you for recovery of money, due to a debt.

Dispute only those things that are inaccurate on your CR.

I'd think twice about that if I were you. But that's just me, and my opinion.

Good luck to you.

Message Edited by Sylviatob on 02-08-2008 07:55 AM

[Anonymous]

I know it's just a technicality, but ...

Creditors can certainly sue you after SOL has expired.  They are not prevented from doing so.   SOL is a defense that you raise in response.  If a creditor files suit outside of SOL, you can't just ignore it.  You have to answer it with your defense(s).

[MidnightVoice]

---

masdeocho wrote:

I know it's just a technicality, but ...

Creditors can certainly sue you after SOL has expired.  They are not prevented from doing so.   SOL is a defense that you raise in response.  If a creditor files suit outside of SOL, you can't just ignore it.  You have to answer it with your defense(s).

---

Nice point

[Anonymous]

Good point masdeocho. That's what I was trying to say. (I need more coffee!)

Thank you for the edification(what ever that means)

[Anonymous]

Guess the point I was trying to make, that with even a relatively short SOL for a given state, I'm in LA, so, 3 yrs here + 5 yrs past SOL = 8 years.... (would be past CRTP?)

Wasn't sure on OP's state.

Did I just confuse myself??

[gdtobefree]

The more and more I read I confuse myself so don't feel bad.

I am Louisiana

Yes you are thinking right, the listing is 8 yrs old

[Anonymous]

Who was it that said: the older I get, and the more knowledge I get, the more I realize what I don't know.