SOL is 2012 or bankruptcy wait or file

Submitted by carter4ever on Mon, 01/04/2010 - 00:51
Forums
Credit repair

Hello I just pulled my credit report and it shows I have 27 accounts that will be reported or dropped in 2012 shell I file for bankruptcy or wait

Also can I dispute when these accounts should be dropped off .. would the 30day rule applay

Also when can the SOL be renewed

thanks very much very helpful site I wish I know about it looooong time ago

fireyone

Carter, The SOL renews when you make a payment on any debt. It then sets the new start date at the date they got the payment. If you are past the SOL I would not advise making any payments on these debts. I would not file for bankruptcy. It will remain on your report for seven years from the date you filed. Your report will clear sooner by letting them fall off. Right now it appears your report will clear in 2012 if you file it will be 2117.

Mon, 01/04/2010 - 01:12 Permalink
debranewell2008

Unless they are trying to collect from you. I would just wait and let them fall of on there own. And do not make a payment because it will start the SOL all over again and then you will be responsible for paying it.

Mon, 01/04/2010 - 03:41 Permalink
fireyone

I do not know what the 30 day rule is. Does anyone know what that is about? Also did you make any current payments on this debt? Hopefully not. The reason I am asking is because I seen your comment about wishing you had found this site earlier.

Mon, 01/04/2010 - 22:44 Permalink
goodnatured

I don't have a clue what the thirty day ruleis, hopefully someone will come along and define it for us.

Wed, 01/06/2010 - 18:56 Permalink
fireyone

I do not imagine this will happen. I did a little digging and the oly thing I could come up with was the thirty day rule for turning accounts over to collections. I do not think thi9s is what the poster was speaking of though.

Thu, 01/07/2010 - 02:58 Permalink
carter4ever

Hello, thank you guys for the fast reply this forum is awesome ...what I meant by the 30 days, is can I dispute the deletion date or dropping date ....also is it true buying things and retuning them increases your score ...for example buying $500 worth of stuff and returning it after 30 days will show that you bought and you paid it ..i have no idea just a thought
Thank you very much

Sun, 01/10/2010 - 02:24 Permalink
crorkz (not verified)

RnueBF Major thanks for the blog article.Much thanks again. Cool.

Tue, 08/05/2014 - 04:15 Permalink