Time Barred Debts ?

Bo, Last week I interviewed for a new job. While there, the HR director, asked about my credit report. I had a couple of items that have been settled. However, there are two that concernedthe organization. In fact, the alleged debts are over 5 years old. What I recall happening were credit cards that merged (and i'm told they've been sold again supposedly). Well, anyway, it appears that the amounts are doubled. I disputed this over 5 years ago and never heard anything. I see where one of them reappeared on my credit report, as recently as January 2008. (Equifax). I am in the process of disputing this with Equifax. I seem to recall doing that 5 years ago, but do not remember the result. What is your best advice ? Thank you Reply Forward
majors@oskie.comsounds like you are doing it then go from there credit repair groups on yahoo...May 18
---------------------------------
sounds like you are doing it
then go from there credit repair groups on yahoohas some lawyers if you find you are being shafted on a newly dated collection
ask for smurfhandy and say bo sent yahttp://finance.groups.yahoo.com/group/credit-repair/
but only after you dispute the acccounts and get a repsonse.say not yours or an error, please delete seems sort of illegal for this to show up with a new date
----------------------------------------------------:
Bo, Last week I interviewed for a new job. While there, the HR director, asked about my credit report. I had a couple of items that have been settled. However, there are two that concernedthe organization. In fact, the alleged debts are over 5 years old. What I recall happening were credit cards that merged (and i'm told they've been sold again supposedly). Well, anyway, it appears that the amounts are doubled. I disputed this over 5 years ago and never heard anything. I see where one of them reappeared on my credit report, as recently as January 2008. (Equifax). I am in the process of disputing this with Equifax. I seem to recall doing that 5 years ago, but do not remember the result. What is your best advice ? Thank you

-- Bo Majorshttp://www.oskie.com/www.oskie.com/equifaxtransunionexperiancredit.htm Credit Help --------------------
majors@oskie.com wrote:- Show quoted text -sounds like you are doing itthen go from there credit repair groups on yahoohas some lawyers if you find you are being shafted on a newly dated collectionask for smurfhandy and say bo sent ya
http://finance.groups.yahoo.com/group/credit-repair/but only after you dispute the acccounts and get a repsonse.say not yours or an error, please delete seems sort of illegal
for this to show up with a new date
-----------------------------------------------
Bo, Last week I interviewed for a new job. While there, the HR director, asked about my credit report. I had a couple of items that have been settled. However, there are two that concernedthe organization. In fact, the alleged debts are over 5 years old. What I recall happening were credit cards that merged (and i'm told they've been sold again supposedly). Well, anyway, it appears that the amounts are doubled. I disputed this over 5 years ago and never heard anything. I see where one of them reappeared on my credit report, as recently as January 2008. (Equifax). I am in the process of disputing this with Equifax. I seem to recall doing that 5 years ago, but do not remember the result. What is your best advice ? Thank you

-- Bo Majorshttp://www.oskie.com/www.oskie.com/equifaxtransunionexperiancredit.htm Credit Help
-------------------------------
Date of first delinquency this is a real stiker for credit law and if a credit
..May date of first delinquencythis is a real stiker for credit lawand if a credit
or messes this upor changes the dfd or dla
they can get on real troubleor if the account is sold that can cause problems for the credit
or also check this table for accounts prices sold to a collections agency.much of his has to do with dla and dfd
and how much a collection company might pay for a charged off debt these are not current "but in the range"
--------------------------------------------------------------------------
Price Range a Year Ago Current Price Range % of Price Range ChangeFresh $.12 – $.17 $.09 – $.12 10% – 30%Primary $.08 – $.12 $.05 – $.08 20% – 33%Secondary $.055 – $.09 $.03 – $.05 25% – 40%Tertiary $.03 – $.05 $.01 – $.03 25% – 50%Quads $.01 – $.025 $.005 – $.015 25% – 50%
- Show quoted text -On Sun, May 18, 2008 at 3:53 PM, Georgette Bernhardt =
Thank you. There is a column that says "DFD/DLA". I know DLA means 'date of last activity'. What does DFD stand for ? Thanks
----------------------------------------
sounds like you are doing it
then go from there credit repair groups on yahoohas some lawyers if you find you are being shafted on a newly dated collection
ask for smurfhandy and say bo sent ya http://finance.groups.yahoo.com/group/credit-repair/ but only after you dispute the acccounts and get a repsonse.
say not yours or an error, please delete seems sort of illegalfor this to show up with a new date
----------------------------------------------
Bo, Last week I interviewed for a new job. While there, the HR director, asked about my credit report. I had a couple of items that have been settled. However, there are two that concernedthe organization. In fact, the alleged debts are over 5 years old. What I recall happening were credit cards that merged (and i'm told they've been sold again supposedly). Well, anyway, it appears that the amounts are doubled. I disputed this over 5 years ago and never heard anything. I see where one of them reappeared on my credit report, as recently as January 2008. (Equifax). I am in the process of disputing this with Equifax. I seem to recall doing that 5 years ago, but do not remember the result. What is your best advice ? Thank you
-- Bo Majorshttp://www.oskie.com/www.oskie.com/equifaxtransunionexperiancredit.htm Credit Help


-- Bo Majorshttp://www.oskie.com/www.oskie.com/equifaxtransunionexperiancredit.htm Credit Help Reply Forward
majors@oskie.com to show details May 18 Reply
by the wayi got this off that board from the smurf shes a bad girlwant to set someone straight
she will teeth em to death i have been humbled by her
she's familiar with law and I am best at negotiate pay delete reopen validate matter of a fact you might validate that debt as you dispute it now that I think about it more

Am I beyond the statue of limitations on a credit card?

I was just wondering how do I figure out if I am beyond the statue of limitations on a credit card? Or if credit cards even apply? On my credit report it states that my credit card became 30 days overdue in April/2004, meaning the last payment that I sent in was March of 2004. Is it safe to assume the statue of limitations has exceeded?
--------------------
no
not sure if statute of limitations is the right term but 7 years is the magic credit goes away number.
7 years from date of last activity. DLA DOLA
so that would put you at April 2011
Watch out for collections on unpaid credit cards, if the card was not paid in full.
2004 does put you 2 years past today which means the lates have relatively little weight on your credit score. Make sure you have good open and rated credit now with no lates the last 24 months.
-------------------
Thanks. The card is already in collections and they are threatening to sue. It is the only thing on my credit report so I will call and see if I can get a settlement for less than what they say I owe.

Also, I read on your website that I should ask for it to be deleted from my report after I pay it, is that correct?
------------------
you always should ask, but not expect, to get something removed if you pay in full, unless, it is a second party or duplicate account on your credit report.

Collections? are collection threatening suit or whats going on here.
If the original credit card, charged you off, then sold this account, for pennies on the dollar a collections company should not even be able to put the collection on your credit report or threaten to sue.

the original credit card can sue and report bad.

this is why the debt validation form is so needed. Make sure any second party collection has legal cause and documentation for suit.
-------------------
I received a letter from Gordon & Wong Law Group PC stating that there is a pending legal action in Superior Court and I have 30 days to respond. On my credit report it says that the account was sold to another lender.

Should I send in the debt validation form?
----------------------
you need to talk to a lawyer.
but yes you need to know what they know if you can

Statute of limitations on my credit report

If the Sol has run out on a dept to be collected which is 6 years in my state I think (I am in Arkansas) on a charge off or closed account can you have them removed by the credit reporting agency? Or do I have to wait to they drop off in 7 years.
--------------------------
7 on credit
if its thats old it should be hurting you much anyway with new good credit
date of last activity is here on your report

Creditors are trying to collect and have changed date of last activity.

I have taken a bit of time to call some of my creditors. They are all telling me they won't negotiate on anything. Should I just send them letters using the formate you have provided? And not call them. I used your validation letter sending one to every collection I have that isn't currently on my credit report. I think I got it straight but would like to make sure. After sending the validation letters I would then have more information to contact the bureau's regarding incorrect information etc. Which I also somehow need to include to the bureau (I don't understand this part) not to have the dates changed? I don't know where that comes in and I didn't notice it in any of the letters.
--------------------
yes they must have proper documentation is thy are second party collections
if they are first party creditors pay them if you can.

Tax lien released in the status area of my credit report.

tax lien. What does released means in the Status area of your credit report
-----------------
the tax lien was satisfied or paid off in full
usually a date will accompany this
the date would signify when the credit is scheduled to be removed from your report.

the status shows
today right now
if you are paid on time and in full right now
many credit cards, and car loans and homes loans
report daily. if i am one day late my credit union will make me
pay up to date and in full before they will approve me for a loan.
status is where you see this on your report. there should be zero late right nows on your rpeort.

Car repo sold over and over. I thought 7 years was it.

I have a car repo from 2000, the accounts keep getting re- sold again and again, after 7 years I thought it would drop. Will this continue as long as the account keeps being sold? Considering the fact that I did not go into any financial agreement with anyone except the original debtor can I get this removed?
-----------------------
validate the debt
then complain to your state atorney general

Filed 13 and case dismissed. can i have the 13 removed

1. The end of 2002 beginning of 2003, I self-filed a Chapter 13 in an attempt to save our home. The bank foreclosed; we lost our home and I withdrew the Chapter 13. The Bankruptcy shows as Dismissed. Is there anything I can do to have this completely removed?
2. We lost our home through fore closure, but there is still a debt classified as "Mortgage" for $72,000... this was a Second Mortgage. Why is this still on our file as a debt owed? Our home was taken but they still want the Second paid?
3. The Date of Last Activity continues to be updated on this Second Mortgage. Which tells me no matter what I do, this will never be removed.
4. It seems whenever I do an inquiry to Equifax to correct errors, I start getting calls again on old debt... does the inquiry to Equifax cause the Date of Last Activity to be updated?
------------------------
copy the dismissal papers and mail them as a dispute use this form

yes they still want the money. I would assume though some would be paid during the foreclosure and subseqent sale?
i would have to see a paper tail to help with this. but sure and loan has to be paid off period.

#3 not sure what to coment on this one.

#4 does not make sense. there is no correlation. inquiries only happen when you apply for a loan
not when you check your credit online
---------------
thanks

Bank foreclosure and bankruptcy dismissed and credit is messed up

1. The end of 2002 beginning of 2003, I self-filed a Chapter 13 in anattempt to save our home. The bank foreclosed; we lost our home and I withdrew the Chapter 13. The Bankruptcy shows as Dismissed. Is there anything I can do to have this completely removed?
2. We lost our home through foreclosure, but there is still a debt classified as "Mortgage" for $72,000... this was a Second Mortgage. Why is this still on our file as a debt owed? Our home was taken but they still want the Second paid?
3. The Date of Last Activity continues to be updated on this Second Mortgage. Which tells me no matter what I do, this will never be removed.
4. It seems whenever I do an inquiry to Equifax to correct errors, I start getting calls again on old debt... does the inquiry to Equifax cause the Date of Last Activity to be updated?
----------------------
copy the dismissal papers and mail them as a dispute use this form

yes they still want the money.
i would assume some would have been paid during the foreclosure and subseqent sale?
i would have to see a paper tail to help with this. but sure any loan has to be paid off period.

#3 not sure what to coment on this one.

#4 does not make sense. there is no correlation. inquiries only happen when you apply for a loan
not when you check your credit online

if i pay will i get a new date of last activity?

I've pulled my "free" credit report from all three bureaus. I recently received a phone call from a creditor from Capital One, stating that I owe x amount of dollars. The last report of activity was 9/99.

I guess my question to you would be, if I pay the amount (or make payments) hypothetically today, would my credit report show, that the last date of activity is today? And therefore start the 7 year cycle again? Or, chalk it up as a loss, and pray for next year to hurry up and come
---------------------
yes the redate can happen
you might sit tight and hope nothing else happens
if it does
validate the debt first
negotiate if it can be validated
pay if you have done the above and can afford it
keep new good credit open.

capital one says i owe x dollars on a 99 date of last activity.

I've pulled my "free" credit report from all three bureaus. I recently received a phone call from a creditor from Capital One, stating that I owe x amount of dollars. The last report of activity was 9/99.

I guess my question to you would be, if I pay the amount (or make payments) hypothetically today, would my credit report show, that the last date of activity is today? And therefore start the 7 year cycle again? Or, chalk it up as a loss, and pray for next year to hurry up and come?
-------------------
yes the redate can happen
you might sit tight and hope nothing else happens
if it does
validate the debt first
negotiate if it can be validated
pay if you have done the above and can afford it
keep new good credit open.
---------------------
Good or bad credit takes:
12 months to be rated on my report
2 years old and the account becomes unrated but can affect my score negatively.
2 years of solid reported credit will overcome most old bad credit.
7 years is how long most credit shows on my report.

Date of last acitivity sold and redated more twice in collections

The company (sun dial) that I bought the clock from went out of business and sold all of their accounts to another company. For some reason I was not informed and did not know where to pay my payment. In February of 2000 another company (the associates) contacted me on the phone about the account. I was told that the account was bought by them when the original closed. I paid the account and they sent me a letter of payment in full. Several months later I receive another call from another company(city financial) saying I owe this money. I told them I paid the account. They verified that the account was bought from the associates because the associates, also know as ACB recovery, had gone bankrupt. City financial also told me that it had not been paid. Since then the account has been sold to different companies each time giving a new report date and adding some finance charges.
I have disputed this several times and have gotten nowhere.
*How can I get this off my credit?
*Is there a way to get the history of this one account?
*Hasn't the statute of limitations run out?
*Can they really legally change the reporting date? (the most recent was 3/2007)
--------------------------------
Stop the silliness. Have them legally vaildate the debt.
Send confirmation delivery mail and keep copies of what you sent.

How long do creditors have to post collections?

I was recently checking my credit report and noticed a new item in the collections area. How long do creditors have to post negative items such as collections? It is September 2007 and an item from August 2005 is now just being posted on my credit report. Can they wait two years to post it? Is there anything I can do to remove it or help raise my credit score?
-------------------
Creditors can report negative credit for 7 years.
Sometimes a debt gets the date of last activity changed or reported twice when it is sold to another creditor. So valdiate debt.
I got one the other day from 2003. I sent them a debt validation letter. If they validate the debt I will pay after making sure it is not on my credit report.

How can collection agencies on a yearly basis change the date of last activity.

How is it that the collection agencies can, on a yearly basis, change the date of last activity? Is this illegal? The debt is well over 15 years old and yet is it being reported as active.

How can I get them to stop and remove this from my credit report?
If you have any questions, please feel free to contact me directly.
----------------------
They sell them to each other.

Be sure to try this Debt Validation letter.

Pay them and be done if you can.

Medical collection date of last activity. Pay off

I have worked very hard for the past 6 months getting my credit report fixed. All I have left is a $373 medical bill (that I think should have been paid by insurance company). None the less, I have called and ask them to remove if i pay in full. "NOPE". Well, this bill is 5 years old. And if I pay it off my score will drop due to activity. And right now for me every point counts. I am wanting to get a new car. If they drop me 10 points, that stops me in my tracks. What should I do?
--------------------
I like to pay off everything no matter what. Having it paid helps too. So many times a re date will offset by having a zeroed balance.
The 10 points will be back in a matter of 6-12 months if you have good open credit now.
Some lenders turn people down for just one outstanding collection.