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Verbal SOL reset

800goal800
Frequent Contributor

Verbal SOL reset

Does discussing a debt that is SOL with a CA reset it ?   I’m outside of the SOL but still have time left on my credit report.  When we spoke I used terms like “ assuming this is mine “ and “ hypothetically “.  They even confirmed that it was outside of SOL.

Message 1 of 8
7 REPLIES 7
Rebuild2019
Valued Contributor

Re: Verbal SOL reset

I don’t think so. I think setting up a payment plan will reset it or just making a payment will reset your date.


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Message 2 of 8
spiritcraft1
Valued Contributor

Re: Verbal SOL reset

I think every state has their own laws.  Some require a written declaration to pay, others require far less.  Just be careful.


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Message 3 of 8
gdale6
Moderator

Re: Verbal SOL reset


@spiritcraft1 wrote:

I think every state has their own laws.  Some require a written declaration to pay, others require far less.  Just be careful.


Yes each state sets their own laws regarding SOL and the OP should consult such laws to see the events that can trigger a reset of this date. The SOL is not to be confused with the time it can remain on ones CR, that date can never change.

Message 4 of 8
800goal800
Frequent Contributor

Re: Verbal SOL reset

I made a hypothetical suggestion of what it would take to remove. Interestingly they said they don’t remove...but...after I were to pay they suggested I dispute and they wouldn’t respond to the CRA and it would then just get removed.

I’m just not going to engage anymore.
Message 5 of 8
designated_knitter
Established Contributor

Re: Verbal SOL reset

Hmmm, interesting approach -- was this an original creditor or a debt collector?

 

Do you mind sharing the name of the company?  I'm in the process of paying off a collection and wonder if this might help once I have the collection paid off.

 

Thanks in advance.

 

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Message 6 of 8
RobertEG
Legendary Contributor

Re: Verbal SOL reset

Since payment of a debt does not make any prior reporting per se inaccurate, and since the CRAs have a clear policy that payment is not basis for reporting deletion of a collection, that would not be the basis for a dispute.

 

A dispute must clearly identify an asserted inaccuracy in order to impose a requirment that the CA forward to the debt collector,and that the debt collector then investigate and respond back to the CRA.

A dispute that lacks identification of a specific inaccuracy can simply be dismissed by the CRA as being "frivolous or irrelevant" without any requirment of the CRA or furnisher to investigate.  See FCRA 611(a)(3)(A).

 

Additionally, even if you were to find some inaccuracy in the reported collection, a dispute is limited only to verification, corrrection, or deletion of that item of information.  Thus, if no verification or correction were provided to the CRA by the debt collector, that would not mandate deletion of the entire collection.  The CRA would correct or delete only the item of information that was the subject of the dispute.

Message 7 of 8
800goal800
Frequent Contributor

Re: Verbal SOL reset

The CA is CSC or Credit Solutions Corp collecting on behalf of debt buyer CU Revest 

Message 8 of 8
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