no way, this will start the seven year reporting on your credit report all over again!!!! Do Not Pay. Depending on what state you live in the statue of limitations may have already expired.
Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt. Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.
10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.
Feel free to visit my site:
was he account opened in 1997 or was the last payment in 1997? Information can only stay on your CR for 7years and the SOL is from the last date of mutual activity or last payment + 6 months
If the last payment was in 1997 then send the CA a FOAD letter and dispute the listing with the CRAs
(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.
Hi littlelady
Yes, if you pay off your old debt now, your SOL will rewind. Since the SOL in your state is 10 years, I think it should have automatically be removed from your credit report by now if your last payment was made in 1997. But since it has not yet been removed, you should send a dispute letter to the credit bureaus asking them to remove the listing.
There are lots of examples of disputre letters that you can custom fit to your sitiation here on the forum. You could list it in the search box or if needed post it as a question and someone will lead you to some really good letters.
When you attempt to dispute itmes, that the SOL have expired, doesn't the CB's just take it off, because they DO see the SOL is up? Should you ALSO send letters to the OC and the CB?
I would like the answer to this question to SD. I have two that should fall off this month and wonder what the process is to get them removed if they don't fall off theirselves. I am thinking that I can dispute it as obsolete if it is still on there.
I do not see what the CA would have to do with it. I would just send a dispute letter to the CRA pointing out the age of the account and the violation of FCRA § 605. (C)
Is it really that simple? How long after a debt is suppose to fall off do they have to remove it. Say it is listed as Aug. 2008 when will it fall off? anytime during that month right?
Normally a creditor lists a debt on the credit report after six months from the date of the first missed payment ie from the month the borrower becomes delinquent and it stays in the report for seven years from that date. In other words, a negative listing stays in your credit report for seven years and six months from the date you become delinquent.
Is this why the SOl doesn't begin until a person is 180 days late? I always thought the SOL started when the debt first become delinquent (30 days). I have since been informed that it is actually after the 180 mark that the clock starts.
CMBV said it was 180. I am hoping you are right about the 30 days. It would help me alot. Cause if its 180 then I just slid past SOL in May. How can we find out the truly correct answer? I am under the knowledge that this varies by state (the SOL clock). Some start at 30 and other states at 180. PA doesn't list their stuff (guidelines) on the net. Actually they are the only state who doesn't. You have to go to a library and look it up. I really want this answer.
I live in PA. So,...............the SOL is 4 years instead of 7 ( what I originally thought?) Mmm.........someone correct me if I'm wrong please. I know I have items that do 'fall-off' this year. i want to dispute them, VIA e-mail. Should I send the CRA's a letter, as well?
Hi erb
You said that the SOL starts just 30 days from the date you become delinquent. But as far as I know it is 6 months from the date of your first missed payment and the creditor can sue you anytime during the period of your SOL in your state plus the 6 months. However, in this period even if you pay a part of your debt, your SOL period will increase.
See this is the delima I keep coming up with. There seems to be two very different answers to this question and as much as I searched I can not find out which one is the correct one. I keep getting the two different feedbacks.
Having plastic surgery may do more than make you look younger. It could change for the more effective how people perceive you.A new study from researchers russian dating at Georgetown University School of Medicine shows that women who have had certain procedures done are perceived by others as having greater social skills and are thought more likeable, excellent, And ladys.The study is not shallow, light,light, the researchers are quick to note, Explaining value of facial appearance is rooted in evolution. They add that studies suggest that judging a person based on his or her appearance comes down to survival.Animal instinct tells us to avoid those who are ill willed and we know from previous research that personality traits are drawn from an individual neutral expressions, Said eliza J.Reilly and his colleagues set out to evaluate the changes in personality perception that occur after different kinds of facial rejuvenation surgery, and this includes face lifts, lower and upper eye lifts, Brow elevates, Neck lifts and chin enhancements.For the learning, they showed pre and post operative photos of 30 Caucasian women to 170 people who were asked to rate their perception of attractiveness and femininity, And characteristics, corresponding to extraversion, Likeability, Social competence, Risk seeking deeds, Aggressiveness and dependability.No reviewer saw both the before and after photos of the same woman, And no one knew whether plastic surgery had been performed, the researchers explained.The study found that post surgery progression was detected for four traits: Social ability, Likeability, charisma and femininity. While not statistically central, A trend toward dependability also was seen, the study noted.A facelift and lower eye lift were the two procedures that appeared to garner more favorable reviews after surgery, With the lower eye lift carrying some more weight, Reilly these.He noted an earlier study showed that the eyes are highly diagnostic for elegance, As well as for credibility.May explain why the patients who had a lower eyelift were found to be a lot more attractive and feminine, And experienced improved believability scores, he was quoted saying.Attempts were made to view if there was an identifiable factor that may have yielded less favorable responses, But no single variable appears statistically significant, Reilly even more. He noted that some patients were rated for gone up aggressiveness and risk taking after surgery.Might say that is unconstructive, But others may want that look, he explained.He revealed the study was small and included only white females, highly limiting its application for others.Reasonable to expect that patients would like to know how each surgery treatment could affect others perceptions of their personality traits, he was quoted saying. "As we gain more specific understanding of what these changes in perception are, We is likely to improve outcomes for our patients,The study was published in JAMA Facial plastic surgery. (2018). , Psych center.
no way, this will start the seven year reporting on your credit report all over again!!!! Do Not Pay. Depending on what state you live in the statue of limitations may have already expired.
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Yes I agree...please do not pay it unless you want it on your report for another 7 years.
Do you need a recomended credit repair service?
Paying off old debt, will restart the clock on the collection activity for that account. The law states the LAST ACTIVITY. which includes payments. You are doing an injustice to yourself by paying a old debt. Have them removed instead. Don't assume your credit score will increase, because you paid on your debt, it will not. These items on your credit report must be deleted, to have your score raised.
10 years ago I filed for bankruptcy. From then on, I have been doing credit repair on my own and my wifes credit files. It is a full time job just knowing how to handle each negative trade line on your report. There are legitimate credit repair services out there. I used Lexington law, who turned out to be the worst, monthly fee schemers. I did then get tired of the wording, "this item has been verified" letters. So............ I decided to read up on the Fair Credit Reporting Act.
I am now certified. I do credit repair as a part time Job. I have had very good results. It is all in the know how. Took me ten years to learn, but I learned. The draw back to repairing credit is the time involved. Following through on replies, how to handle a collection agencies verification, or validation letter sent back to you. Its like trying to sell real estate, You need to know what you are doing.
Feel free to visit my site:
Bestbuycreditrepair.com
littlelady,
was he account opened in 1997 or was the last payment in 1997? Information can only stay on your CR for 7years and the SOL is from the last date of mutual activity or last payment + 6 months
If the last payment was in 1997 then send the CA a FOAD letter and dispute the listing with the CRAs
The law states the LAST ACTIVITY.
Show me the law that says that.
If you are referring to my post: FCRA § 605. (C)
(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.
:)
No, I was referring to the poster who appears to state that a payment will cause an outdated negative entry to reappear on the credit report.
Thanks everyone.
The last activity was way before 1997 and the last payments were in early '97. My SOL is 10 yrs and it's been 11 so I am well past the SOL.
Your welcome little lady. The monkeys cute.
Dispute as obsolete.
That is the best thing to do. Does the OP know how to do this? I have nevedr had to do this but can't you do it when you pull up your report?
Hi littlelady
Yes, if you pay off your old debt now, your SOL will rewind. Since the SOL in your state is 10 years, I think it should have automatically be removed from your credit report by now if your last payment was made in 1997. But since it has not yet been removed, you should send a dispute letter to the credit bureaus asking them to remove the listing.
There are lots of examples of disputre letters that you can custom fit to your sitiation here on the forum. You could list it in the search box or if needed post it as a question and someone will lead you to some really good letters.
credit
When you attempt to dispute itmes, that the SOL have expired, doesn't the CB's just take it off, because they DO see the SOL is up? Should you ALSO send letters to the OC and the CB?
I would like the answer to this question to SD. I have two that should fall off this month and wonder what the process is to get them removed if they don't fall off theirselves. I am thinking that I can dispute it as obsolete if it is still on there.
sdchargers_63
I do not see what the CA would have to do with it. I would just send a dispute letter to the CRA pointing out the age of the account and the violation of FCRA § 605. (C)
Is it really that simple? How long after a debt is suppose to fall off do they have to remove it. Say it is listed as Aug. 2008 when will it fall off? anytime during that month right?
Normally a creditor lists a debt on the credit report after six months from the date of the first missed payment ie from the month the borrower becomes delinquent and it stays in the report for seven years from that date. In other words, a negative listing stays in your credit report for seven years and six months from the date you become delinquent.
Oh, that stinks, so after seven long years they tack on the additonal six months jus tfor the hell of it.
Is this why the SOl doesn't begin until a person is 180 days late? I always thought the SOL started when the debt first become delinquent (30 days). I have since been informed that it is actually after the 180 mark that the clock starts.
I am almost positive that it starts 30 days after your first missed payment, I am 999999.9 percent convinced that this is the right answer.
CMBV said it was 180. I am hoping you are right about the 30 days. It would help me alot. Cause if its 180 then I just slid past SOL in May. How can we find out the truly correct answer? I am under the knowledge that this varies by state (the SOL clock). Some start at 30 and other states at 180. PA doesn't list their stuff (guidelines) on the net. Actually they are the only state who doesn't. You have to go to a library and look it up. I really want this answer.
It reads
Pennsylvania Statute of Limitations
Contracts: 4 years, (used to be six).
Contracts under seal: 20 years.
Sale of goods under UCC: 4 years.
Negotiable instruments: 6 years (13 PA C.S.A. .§3118).
So I would think it would be that day of the last activity. Where are you guys getting 30 days or 180 days? I have never heard of this.
credit
I live in PA. So,...............the SOL is 4 years instead of 7 ( what I originally thought?) Mmm.........someone correct me if I'm wrong please. I know I have items that do 'fall-off' this year. i want to dispute them, VIA e-mail. Should I send the CRA's a letter, as well?
If they do not fall off then you can file the dispute, so let it go and see what happens.
I don't no where I picked up the 30 to m180 days thing but I read it here several times on the forum.
credit
If SOL, in PA, is only 4 years,..then ALOT of my stuff should 'fall off' this year ( I think). That would be great for me.
Hi erb
You said that the SOL starts just 30 days from the date you become delinquent. But as far as I know it is 6 months from the date of your first missed payment and the creditor can sue you anytime during the period of your SOL in your state plus the 6 months. However, in this period even if you pay a part of your debt, your SOL period will increase.
See this is the delima I keep coming up with. There seems to be two very different answers to this question and as much as I searched I can not find out which one is the correct one. I keep getting the two different feedbacks.
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Can plastic surgery Make You More Likeable
Having plastic surgery may do more than make you look younger. It could change for the more effective how people perceive you.A new study from researchers russian dating at Georgetown University School of Medicine shows that women who have had certain procedures done are perceived by others as having greater social skills and are thought more likeable, excellent, And ladys.The study is not shallow, light,light, the researchers are quick to note, Explaining value of facial appearance is rooted in evolution. They add that studies suggest that judging a person based on his or her appearance comes down to survival.Animal instinct tells us to avoid those who are ill willed and we know from previous research that personality traits are drawn from an individual neutral expressions, Said eliza J.Reilly and his colleagues set out to evaluate the changes in personality perception that occur after different kinds of facial rejuvenation surgery, and this includes face lifts, lower and upper eye lifts, Brow elevates, Neck lifts and chin enhancements.For the learning, they showed pre and post operative photos of 30 Caucasian women to 170 people who were asked to rate their perception of attractiveness and femininity, And characteristics, corresponding to extraversion, Likeability, Social competence, Risk seeking deeds, Aggressiveness and dependability.No reviewer saw both the before and after photos of the same woman, And no one knew whether plastic surgery had been performed, the researchers explained.The study found that post surgery progression was detected for four traits: Social ability, Likeability, charisma and femininity. While not statistically central, A trend toward dependability also was seen, the study noted.A facelift and lower eye lift were the two procedures that appeared to garner more favorable reviews after surgery, With the lower eye lift carrying some more weight, Reilly these.He noted an earlier study showed that the eyes are highly diagnostic for elegance, As well as for credibility.May explain why the patients who had a lower eyelift were found to be a lot more attractive and feminine, And experienced improved believability scores, he was quoted saying.Attempts were made to view if there was an identifiable factor that may have yielded less favorable responses, But no single variable appears statistically significant, Reilly even more. He noted that some patients were rated for gone up aggressiveness and risk taking after surgery.Might say that is unconstructive, But others may want that look, he explained.He revealed the study was small and included only white females, highly limiting its application for others.Reasonable to expect that patients would like to know how each surgery treatment could affect others perceptions of their personality traits, he was quoted saying. "As we gain more specific understanding of what these changes in perception are, We is likely to improve outcomes for our patients,The study was published in JAMA Facial plastic surgery. (2018). , Psych center.