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Is a debt past SOL and removed from your credit report considered legally satisfied?
Wiki User
∙ 2006-03-21 23:46:41
No, the expiration of the SOL designates the time in which the creditor has to file a lawsuit. This does not mean a creditor will not pursue litigation, as an SOL is not an "automatic" defense in creditor vs. debtor suits. If a debtor is sued after the expiration the debtor must bring forth proof that the debt is invalid, the court will not do this for him or her. Often people receive a summons for what they believe is an invalid lawsuit because the SOL has expired, this is not necessarily true. A creditor may file a suit one day before the SOL expires and it will be seen as valid litigation. In addition, a debt is always valid until it is paid, settled in a lawsuit or discharged in bankruptcy.
Wiki User
∙ 2006-03-21 23:46:41
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What steps do you take to repair your credit after a repo?
you can not have true info removed legally from your credit report.
Can bad credit be erased out of your credit file legally?
Bad credit can be erased legally by sending certified letters to the credit reporting agencies disputing information found in the reports. If the credit agencies cannot provide proof of the debt or validate it then legally the debt is removed from one's credit report. Alternatively, one can contact the creditor and request that the debt be removed if exchanged for a pay off.
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Negative information cannot be removed from a credit report until the time limit for the debt has expired. The time limit for most judgments is 7 years.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
What if you are legally married in one state you will also be considered legally married by the 49 other states because of what?
the Full Faith and Credit Clause
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A judgment will reduce you credit score. It takes about 7 years for an item on your credit report to be removed. You have to make a request for it to be remove from your credit after you 7 year period.
What kind of contract is a revolving credit card account legally defined as?
It can be considered an open account or a written contract.
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You cannot remove an auto lien unless it is paid or satisfied. Once it is paid, the lien will be automatically removed from a credit report or anything else.
Can a credit bureau place accounts back on your credit file after they were disputed and removed?
Hi, I am a bill collector by profession of 3 years and the only way they can put an account back on your credit file is if you sent in a dispute letter, they reviewed it and took it off your file, then after the investigation of the debt found you had no proof to show that the debt was satisfied. If they found the debt has been satisfied and you have proof or if the person who owes the debt is deceased and you have the death certificate, then I would contact the attorney general and they will make the credit bureau remove the debt off your file. But make sure that even though it's on your file, it doesn't have a satisfied marking because when debts are satisfied they will appear on your credit report as such. Hope this helps.
If you have a repossesion on your credit report when you file for bankruptcy will that be removed from your credit report?
No. The repossession will be its own listing. If is was including in the bankruptcy, it will be listed as 'included in bankruptcy' but it will still be listed as its own listing.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.Not only can you get a Bankruptcy Legally Removed from your credit report but you can also get Foreclosures, Default Judgments, Tax Liens, Repos, collections etc...all removed. All negatives no matter how bad, how many or how recent ... they all can be removed legally!
How many credit reports are you legally entitled to per year from each credit bureau?
You are legally entitled to three credit report per year from each credit bureau.
How does a satisfied judgment that was filed on a property rented get removed from a credit report?
Satisfied judgments do not get removed from a consumer's credit report until 7 years from the date they were filed. You might get lucky and the judgment be shielded from view 7 years after the original legal action was filed (once the satisfaction shows). It is possible, and legal, for the satisfaction to show for 7 full years from it's filing date (which may be different from the judgment filing date).
