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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.

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โˆ™ 2006-03-21 23:46:41
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Q: Is a debt past SOL and removed from your credit report considered legally satisfied?
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How can you get a 'satisfied' judgment removed from your credit report?

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.


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.


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.


Will the satisfaction of a judgment affect your credit score and does it completely come off your credit file or show as satisfied?

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 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


What kind of contract is a revolving credit card account legally defined as?

It can be considered an open account or a written contract.


How can I remove an auto lien?

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.


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 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).


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.


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.


Will a credit card company remove your name from an account if you and your husband are separating and splitting the credit card debt and he is the primary card holder on both cards?

If you are a joint holder, no. You signed a contract that was legally binding. If you're an authorized user, then you can be removed. In fact, you don't legally even have to pay the debt.


What does execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied mean and will the judgment actually be filed as to reach my credit report?

The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.


In Ohio is the spouse responsible for the other spouse credit card debt?

credit card debt is reserved to all the names that were used when the credit card was applied for so even in divorce situations where the judge has split the debt it is not legally removed from you if your name was on the account


How do you get charge off your credit report?

You can remove a charge off by either disputing it to the credit bureaus are negotiating the removal with the original creditor. The credit bureaus have 30 days to verify a dispute or it must be removed from your credit report. You can negotiate the removal upon final payment of the amount owed with the original creditor, but make sure you get this writing before paying them off.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Charge-Off 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 "Charge-Off" 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 original creditor 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 Charge-Off Legally Removed from your credit report but you can also get Bankruptcies, Foreclosures, Default Judgments, Tax Liens, Repos, Charge-Offs, collections etc...all removed. All negatives no matter how bad, how many or how recent ... they all can be removed legally


Can derogatory items reappear on your credit report after it has been removed?

If a derogatory item has been removed from your credit report, it should not show up again if the situation was resolved. Contact the credit bureau and ask that it be removed.


Can you get a late payment removed from your credit report?

A late payment can be removed from your credit report. Any information you believe to be erroneous or inaccurate can be disputed with the 3 major credit bureaus and if that information is not verified, it must be removed.


When will a 1999 discharged bankruptcy be removed from a credit report?

It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.


Will a credit score change when a discharged bankruptcy is removed from the credit report?

Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.


Can repossessiond be removed from your credit?

It will stay on your credit reports for 7 years.


Can a foreclosure be removed from your credit report?

Foreclosures can be removed from your credit report like any other negative item. You must dispute it to the credit bureaus. The credit bureaus will have 30 days to verify the foreclosure or it must be removed from your credit report. With the higher amount of foreclosures lately you have a better chance of it being removed. UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Foreclosure 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 "foreclosure account" 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 bank that held your mortgage 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.


Can Court collections be removed?

Collections can be disputed to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or the listing must be removed from your credit report.


Can the original creditor agree to recall the account from collections who is reporting it once it is paid in full in effect having it removed from the credit report?

Negative entries will remain on a credit report until the required time period of seven years has elapsed. Neither the original creditor nor a collector can have the entry removed, but it can be noted as "paid as agreed", "paid in full" "satisfied" and so forth.


When is a charge off removed?

A charge off will stay on your credit report for 7 years unless removed by the original creditor or the credit bureaus. You can dispute a charge off with the credit bureaus and they must verify it with the original creditor with in 30 days or it must be removed from your credit report.


Can foreclosure and bankruptcy be taken off your credit report if you didn't have to go through with the foreclosure and bankruptcy?

Once it is reported to the credit reporting agencies, it is very tough to have it removed. However, you can get them to mark it "satisfied" by providing documentation of such along with a letter of explanation. Keep copies of all correspondence with the agencies.