Hey all! I was wondering if anyone had experience with removing collection accounts that were past the SoL. In Texas it is 4 years, and they are past that as of April 2022. I have 3 years left of the account being on my credit score. On my Experian, in the status line, they wrote this:
"Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department"
Not sure when they put it in, but I was just wondering if they can't do much about it legally, could I use a dispute to have it removed? Has anyone else tried it? If it is not possible, I'll just wait the 3 years for it to fall off. I understand I owe the debt and it is their right to put it on my credit account, I'm just trying to see if it can be done.
It is the only collections that is on my account that has not been paid. It is an Ad Astra account when I was an idiot trying to get a payday loan, when there were other ways of survival... like budgeting. The account was 30 days past due, Apr. 5, 2018 and the amount is $5,132.
Though I have learned to budget, I cannot in this economy pay this back. Just keeping up with bills and gas and my two children are hard enough, and since this is the last collection debt that I have (Other than student loans, but working on forgiveness), I'm just trying to see if I can get it removed. My score has gone from the 470's to 594(TU)/634(EQ)/609(EX) in the past year and a half, and I'm starting to think that this is the only reason my credit score is this low. Other than opening a second line of credit (my husband has me as an AU on his credit card that has a $600 limit) I'm not sure if I can get past this sort of stall my credit scores are on. If this cannot be done, any other constructive help will be great!
