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Hi,
There are 5 items on my credit report which are set to fall off by the end of this year 2010 should I still request that each of these CA's send me validation of the account or wait until the beginning of next year to see if all of the accounts that were set to fall off indeed do?
The last time information on all but (1) account was updated by the CRA it appears to be 2003, 2004, 2005 and 2006 there is one that was last updated in 2010, and they are the only ones who have actually sent me any correspondences regarding the debt.
tradelines
Hi Walies,
If you think that if you really owe, and you will be able to pay off on any off these accounts, then you can go forward and validate these debts. If the debts come out valid, you can negotiate payment agreements with your creditors, and start making payments on these accounts.
However, before doing any of these check the Statute of Limitations on these accounts. If the statute hasn't expired on any of these, then you should better validate, and pay off. However, if the statute has expired, you can wait for that account to fall off.
If any of the debts doesn't come back validated, you a dispute that off your report.
Can I know what did were your correspondences regarding the debt?
Thanks,
Aaron