Introduction and a little help please

[Anonymous]

Hello,

The Gout here. I am new to the forum but have been reading up for a while. I would not be here if I wasn't on a journey to fix my past mistakes. I am going to lay out my issues and would like some feedback. I am confused about a few things.

I pulled all 3 reports and they are all a bit different. I understand this is normal. So what I am looking at...

2 CO's
#1 is from Sears and it was sold to a CA. This was in 2009. I owed $2100 at the time. I still owe somebody but nobody is contacting me at this time or for the last 3 years or so.
# 2 is from Midland but it was paid in full in 2009. Still reporting but as paid in full

I had a few other cards from the late 1990's (small amounts) but those have fallen off.

Question 1 - I know I still owe someone for CO #1. Once it is past SOL I still owe the money but they just cannot sue for it? I am confused here. To resolve I should try to negotiate a PFD with who? What is the best way to find that out?

Question 2 - I have paid CO #2. Is this something I need to have removed from my reports? If so, what is the best way to go about this?

Question 3 - This is the hard part. I know that I have unpaid very old CC debt from 10+ years ago. Likely less than about $4k but I still just walked away. It is not showing on my CR's. Can this just come back from beyond the grave?

Next problem - I had/have a lien from the State of California for unpaid taxes. I have paid them in full. From what I have read this will stay on my CR for quite some time. Is there a way to remove this? If not is it that big of a deal regarding my credit score?

Last one... I promise. I paid off a car loan about 8 months ago. 60 months but I had one 30 day late. I would like to GW (Santander) and get this resolved. How much weight does this late payment have on my credit score? Mine is 631 today.

I hope that these questions will help someone in the same boat as me. 

TG

[09Lexie]

Welcome to the forum. You've come to the right place to ask your questions and get you back on track.

'If SOL has not expired and you can not PIF, then any action you take on the account will be at your own risk. It is advised not to wake a sleeping giant if you are within SOL and cannot PIF. Even if you do nothing, you can still be sued. You just don't want to put yourself out in the "spotlight" when you cannot PIF and it is within SOL.'

1. How's the CO reporting? Balance? Listing just Sears?

2. Just because a debt is paid , that doesn't mean it would be removed. You need to write a GW letter and ask them to delete the derog.

3. Again, even if the sol has tolled doesn't mean the debt goes away. I wouldn't wake a sleeping giant unless you just want to pay them. They cannot put it on your CR's and cannot sue.

4. The paid/released state lien will remain on CR's up to 7 yrs from the date it was paid. I have been told writing a GW letter to the State Controller might bea way to go.

5. Thirty day lates loose their 'potency' after two years from reporting . You could always write a GW letter to them too

Good luck