SOL question

[sunrise]

Is there a time limit to reporting a negative info?  Does it have to drop off after a certain amount of time.  Everything I have read about SOL seems to talk about suing and judgements.

I have a few old accts. that I would love to see dissapear.  One is from 1998...another is from 2000...I did end up filing BK and included them..does this re-age them to the filing date? (Filed Oct.2002 disch.3/03)  Thanks!

[fused]

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sunrise wrote:

Is there a time limit to reporting a negative info?  Does it have to drop off after a certain amount of time.  Everything I have read about SOL seems to talk about suing and judgements.

I have a few old accts. that I would love to see dissapear.  One is from 1998...another is from 2000...I did end up filing BK and included them..does this re-age them to the filing date? (Filed Oct.2002 disch.3/03)  Thanks!

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Here are some helpful threads.

SOL, DOFD and DOLA

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=8713

Credit reporting times lines

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=2689

[Anonymous]

Hi sunrise,  you are dealing with federal and state law when it comes to your CR. SOL is set by the state.....In order to have a judgment the creditor must file suit in state court!

When it comes to your CR and timing the federal law is in place = CRTP

In Florida the SOL (state statue of limitation) On a CC is 4 years....means that the creditor (CCC) can not file a suit for a judgment against  you after 3 years from DOLA.   It WILL still remain on your CR for 7-7.5 years from DOFD or DOLA

SOL v CRTP

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=17466

[sunrise]

Thanks for the links Fused & Happydays!!  They gave me my answers.....although it wasn't the news I wanted to hear, oh, well 

[Anonymous]

You might want to check the BK thread. You might find more info. there.  Sorry I know almost nothing about BK.