Discover CO past SOl

[Saltlife22]

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@FireMedic1 wrote:

@Saltlife22Thats fine. As @gdale6 posted. No to repeat things. Call. Come up with a settlement offer and get that thing done. Lowering your util from that 110+% will do a big change. Then fall off will be the end of it. Good luck and keep us updated for other memebrs also. Good Luck!

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Thanks for the help and guidance

[FireMedic1]

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@Saltlife22 wrote:

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@gdale6 wrote:

Well with the further info on the utilization being its overlimit you are getting hit with a Fico penalty for being over 89% of the cards CL on top of the regular cost in points of the util and it being a larger part of your overall util its quite possible you could get a 20-30 Fico point boost for taking care of it. I would move to settle for less than full balance.

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I do intend to settle for less than full balance. Now just how to go about it without resetting SOL. I'm in Florida. Still gotta do some research. 

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Im in Fl also. Nothing at all can change the DoFD in any state. Your thinking of the statue of limitations or SOL. If its a collection agency and you make certain moves. That can reset the SOL to sue. The DoFD still doesnt change. So 02/24 it will be gone.

[Saltlife22]

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@FireMedic1 wrote:

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@Saltlife22 wrote:

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@gdale6 wrote:

Well with the further info on the utilization being its overlimit you are getting hit with a Fico penalty for being over 89% of the cards CL on top of the regular cost in points of the util and it being a larger part of your overall util its quite possible you could get a 20-30 Fico point boost for taking care of it. I would move to settle for less than full balance.

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I do intend to settle for less than full balance. Now just how to go about it without resetting SOL. I'm in Florida. Still gotta do some research. 

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Im in Fl also. Nothing at all can change the DoFD in any state. Your thinking of the statue of limitations or SOL. If its a collection agency and you make certain moves. That can reset the SOL to sue. The DoFD still doesnt change. So 02/24 it will be gone.

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Oddly enough it has never gone to a collection agency and Discover never pursued me for it or even bothered me about it (knock on wood). No collections have ever been added to CR. So I just didn't want to restart the SOL with the OC Discover. Not sure if that is a thing with an OC or only CA. 

[FireMedic1]

You'll be fine. I'd get on it before it does hit a CA. Another headache and big time score loss if a CA takes over.

[gdale6]

Here is some good info on FL SOL.... No I have nothing to do with the law firm

https://www.alperlaw.com/florida-judgment-collection-laws/statute-of-limitations-debt-florida/

[Saltlife22]

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@gdale6 wrote:

Here is some good info on FL SOL.... No I have nothing to do with the law firm

https://www.alperlaw.com/florida-judgment-collection-laws/statute-of-limitations-debt-florida/

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Thank you very much. 

[OmarGB9]

Just a tip: if you're planning to settle/pay in full anyway, whether the SOL is reset or not is a moot point as the debt will be taken care of and there'll be no debt you could possibly be sued for.