Help with SOL and DOLA on old repo

[Anonymous]

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@Anonymous wrote:
I apologize, I mean they can't win a judgement. I will continually monitor for any summons, because I will show up and laugh with my SOL defense

Regardless, I'm curious how DOLA is calculated. Since their collateral was repossessed in 2002, I don't understand how they have listed my last payment as 6/2003. I stopped paying for the vehicle 3/2002.

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Rereading my post, I think I came off as a bit (?) too "end-of-the-world-y!" I really don't mean to, it just scares the doody out of me that someone (in this case, you) might unknowingly get a whammy from a creditor!!

DOFD on something like a car repo would be the day AFTER the first delinquent payment. For DOLA, it would be the last payment made on the account and can be the payment BEFORE the DOFD or a payment after.

Your DOLA would be 3/02 ... more than likely, your DOFD would 4/02 (guessing).

[Anonymous]

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@Anonymous wrote:

I have the same thing as OP with Cap auto, Repo'd in April 06, DOFD 10/05, DOLP 5/06 and date major delinquincy reported 6/06... All 3 are pretty much reporting the same way as listed on TU is shows estimated date item removed 9/2012 and on EX it shows estimated date removed 7/2012. hpw do you get the CRA's to correct this...

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Technically, the estimated drop off date for this debt would be 10/2012. It seems as though you're actually getting off "lucky." I wouldn't change a durn thing (by disputing, or what have you) ... else they might change the date to what it SHOULD be.

[Anonymous]

Wonderin

I agree with you... but what date are they goning to use for the SOL  the 05 date or the 06 date.. SOL in my state is 4 years

[Anonymous]

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@Anonymous wrote:

Wonderin

I agree with you... but what date are they goning to use for the SOL  the 05 date or the 06 date.. SOL in my state is 4 years

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What state are you in? Some states reset the clock if you've made a payment.

If your state is one of those it will be 4 years from whatever the day of the last payment was. If it's not (and I'm going to assume it's not because you know your state's SoL and I would assume you'd know if your state was one and would have mentioned it!), it's from your first "missed" payment.

Essentially, SoL begins once you've "defaulted" on your obligation.

[Anonymous]

Im in PA.. and as far as they payment in 06 that is when they sold the car at auction. and that is the date that they are using.  I pulled a carfax on , my old car... I know for a fact that  my last payment was in 05...can they reset if,   I wasnt the one making a payment? this is what is shows on EQ.

Year  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

 2008 CO CO CO  CO                

 2007 CO CO CO CO  CO    CO CO CO CO CO CO CO

 2006 30   60  90    R    R      *    *  CO    CO CO CO CO

 2005  *    *    *      *     *     *    *     *    *    *      30 30