some one help me quick!!!

[laryn41]

so I I should either PIF or not pay at all...I am really looking to get my credit great...perfect. i would like a prime card. that means npo more inq.s and sit good on my current cards. I did get approved for a 300,000 morgage though.

[Anonymous]

If you PIF, remember PFD.  Let them know that you realize that paying the debt will not remove it from your reports.  Won't even help your score much.  But find out about the SOL in your state first.

[laryn41]

they said i can't OFD, I would have to contact each report agency and they are the only ones that can do that...the sol is 7 years i have like 3 to go.

[SmartCookie]

---

laryn41 wrote:

so I I should either PIF or not pay at all...I am really looking to get my credit great...perfect. i would like a prime card. that means npo more inq.s and sit good on my current cards. I did get approved for a 300,000 morgage though.

---

DV....DV....DV....

Yes, do not continue payments.  Not only will that stop re-aging the collection, it will get AFNI more interested in a a future PFD.

Please, DV just so you can say you did.

[SmartCookie]

---

laryn41 wrote:

they said i can't OFD, I would have to contact each report agency and they are the only ones that can do that...the sol is 7 years i have like 3 to go.

---

They can PFD.  They were hoping that you would take their first 'no' as an absolute.

You do not have 3 years to go... please research SOL, CRTP, and re-aging.

[Anonymous]

Are you sure thats your SOL and not just the reporting limit?  Seems awful long for an SOL.

Message Edited by Brammy on 01-02-2008 07:48 PM

[Anonymous]

---

Brammy wrote:

Are you sure thats your SOL and not just the reporting limit?  Seems awful long for an SOL.

Message Edited by Brammy on 01-02-2008 07:48 PM

---

In KY  SOL for collection is very ambiguous, and is either 5 or 15 so most of the creditors go w/ 7 yrs on average.

I know, I can't make heads or tails of it either, I wish I could go for 5 but that is mostly for oral contract, and yet the 15 is too long too.

[laryn41]

I have no idea where to begin. Isn't the sol 7 years from the date it is starting to reporting?  Then it falls off your reports?  also they have no paper work to send me. It's all computerized  and they can not send me any paper work. how else can I validate it?  I sent $200.00 months ago would that me I took the debt as my own?

[Anonymous]

Ok the reporting date is the 7 year period.  The statute of limitations, or the amoutn of time they have to pursue legal action varies from state to state.

Try this link for your state and the type of debt for the SOL.

http://www.fair-debt-collection.com/SOL-by-State.html

[laryn41]

What happens if the SOL is in affect but it is still on my report?  I don't think that pretains to me because I made a payment. Therefore it starts over again correct?