Getting frustrated with scores, need advice!

[Anonymous]

---

@Anonymous wrote:

BTW, go ask for good will removal on that late payment reporting.  If it was billing error and only a couple of days, I find lenders to be considerate.

---

Thanks I'll do this.  The late didnt appear on my credit report as it wasnt 30 days, but I think it was noted internally.

[Anonymous]

SOL of original debt and SOL of judgement will be different.  They have a certain matter of time to try to collect the debt. Once they sue you for the original debt and win, there is a different time for them to collect on the judgement (although many states have methods to renew a judgement and basically keep the judgement on your record a long time).  As for the original chargeoff, I believe it is from the date of first deliquency for reporting, but not sure for collection.  Make sure to make no "partial" payment that in some states can renew their SOL.

[MarineVietVet]

---

@Anonymous wrote:

SOL of original debt and SOL of judgement will be different.  They have a certain matter of time to try to collect the debt. Once they sue you for the original debt and win, there is a different time for them to collect on the judgement (although many states have methods to renew a judgement and basically keep the judgement on your record a long time).  As for the original chargeoff, I believe it is from the date of first deliquency for reporting, but not sure for collection.  Make sure to make no "partial" payment that in some states can renew their SOL.

---

There is no time limit for trying to collect a debt. Even after the SOL and/or CRTP has expired the debt remains.

[Anonymous]

Marine Vet makes a point.  Creditors can try to collect a debt forever.  However, there is a limited amount of time (hence the SOL) that the creditor has any legal remedies to collecting a debt and a limited amount of time that they can to report your debt to the CRAs and therefore harming your credit.  After both the SOL and FCRA limitations on reporting have past debt, they are basically powerless to do anything.  In fact, given the laws, you can just tell them to never contact you again and they can't even contact you without being subject to fines.

[Anonymous]

Does that sound more accurate Marine?

[MarineVietVet]

---

@Anonymous wrote:

Marine Vet makes a point.  Creditors can try to collect a debt forever.  However, there is a limited amount of time (hence the SOL) that the creditor has any legal remedies to collecting a debt and a limited amount of time that they can to report your debt to the CRAs and therefore harming your credit.  After both the SOL and FCRA limitations on reporting have past debt, they are basically powerless to do anything.  In fact, given the laws, you can just tell them to never contact you again and they can't even contact you without being subject to fines.

---

I agree with all of this.