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What else can I help you with?
In Michigan should you pay off a 7 year debt?
Personally I would walk away because it is beyond SOL for legal recourse, and shouldn't be reporting on your credit reports because the SOL on that is 7 years
How many years does bankruptcy effect your credit score?
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
What does hace sol mean?
'Hace sol' means "The weather is Sunny". 'Sol' means 'sun' in spanish, and 'hace' means 'it is'.
When can you have bad credit removed from your credit report?
The FCRA says the SOL for debts or negs on your report can only remain for 7 years
Can a credit card company sue you after 9 years?
All depends on what your states SOL are on written contracts
In Michigan should you pay off a 7 year debt?
Personally I would walk away because it is beyond SOL for legal recourse, and shouldn't be reporting on your credit reports because the SOL on that is 7 years
If a charged off account now has been removed from your credit report can a third party attempt to collect the debt after if has been removed from the credit report?
Yes. You have to check your state's statute of limitations. The time of the state's SOL for collecting on debts and the federal SOL on credit reports may be two totally different time limits.
What does 'last activity' mean when referring to the statute of limitations on credit reports?
The DLA generally indicates the last time a payment was made or the account was defaulted. The SOL for accounts before 1/98 relates to the DLA itself, SOL for accounts after 1/98 begin when the account is "charged off" (usually 180 days after DLA) and/or sent for collection.
What is the statute of limitations on a credit card debt Arizona?
The SOL starts on the last date of activity on the credit card. So, don't make any payments or you will restart the SOL. In Arizona, the SOL is 6 yrs on credit cards.
How many years does bankruptcy effect your credit score?
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
What does sol mean in costa del sol?
Sol means "the sun" as in "Coast of the sun"
What is the definition of SOL in the phrase the SOL on credit card debt is 3 years?
SOL stands for Statute of Limitations. It is the time in which they must notify you of the debt and bring suit to collect.
Is there a statute of limitations on suing someone for credit card debt?
Yes, credit cards are considered open accounts, all states have SOL's pertaining to the time limit in which a debtor can be sued. You can find out what the SOL for your state is by visiting www.fair-credit-collection.com
What state applies to the SOL for credit card debit?
The SOL depends on the state and type of agreement. Also note that credit card debt is called an open end account. The SOL for debts that have expired (no longer required to pay) is not the same SOL used by credit bureaus. Take a look at the following site http://www.credit-repair-specialist.com/debt-collection-statute-of-limitation.html and http://www.blogblackstocks.com/2007/02/how_long_does_n.html The SOL depends on the state and type of agreement. Also note that credit card debt is called an open end account. The SOL for debts that have expired (no longer required to pay) is not the same SOL used by credit bureaus. Take a look at the following site http://www.credit-repair-specialist.com/debt-collection-statute-of-limitation.html and http://www.blogblackstocks.com/2007/02/how_long_does_n.html The SOL depends on the state and type of agreement. Also note that credit card debt is called an open end account. The SOL for debts that have expired (no longer required to pay) is not the same SOL used by credit bureaus. Take a look at the following site http://www.credit-repair-specialist.com/debt-collection-statute-of-limitation.html and http://www.blogblackstocks.com/2007/02/how_long_does_n.html
If the SOL is 10 years in South Carolina can you still have a judgment removed from your credit report after seven years?
The SOL for filing a lawsuit to recover monies owed has no correlation with the time limit for a negative entry on the consumer's credit report. Judgments may or may not be subject to expungement from credit reports after the 7 years from date of entry has passed. Most judgments are renewable and can remain on a credit report for an indefinite period of time.
What is alabamas staue of limmitations law regarding credit debt?
Alabama has one of the longer statute of limitations (SOL) for credit card debt. Credit card debt is considered a contract debt in AL. That makes the SOL 10 years from the date of last activity on the account.
Meaning of Sol in Spanish?
Sol mean Sun in spanish
