tkcaron Posted October 20, 2002 Report Share Posted October 20, 2002 Ok, I have another question...I have been reading about the statute of limitations. (I am in FL so the SOL is 4 years)...most of the collections on my Credit report are from 96 -97 so they are older than 4 years old...What does this mean? does this mean that the CA cannot place them on my credit report? or does it only mean that they have no right to collect the alleged debt but can still report it on my Credit report until the 7 years is up? I am a bit confused on this point!! I am sending in the Debt validations letters on Monday and I want to have everything correct! Thanks for your help! :notsure: Link to comment Share on other sites More sharing options...
Sky Warner Posted October 20, 2002 Report Share Posted October 20, 2002 They can report them for the entire 7 years but they cannot COLLECT on them. So they cant sue you for them or get judgements for them either.Thats about what it amounts to. Link to comment Share on other sites More sharing options...
dave38 Posted October 20, 2002 Report Share Posted October 20, 2002 just make sure, if the do try to sue, take proof that the sol is really up Link to comment Share on other sites More sharing options...
tkcaron Posted October 20, 2002 Author Report Share Posted October 20, 2002 So should I still send off my debt validations letters? does this mean that if the CA are unable to validate within the 30 days that they have to remove their listings from my credit report? I am relatively new at this and have been reading all the posts, but after a while it all starts to run together and my brain goes on overload!! Link to comment Share on other sites More sharing options...
tkcaron Posted October 20, 2002 Author Report Share Posted October 20, 2002 Also, does the SOL begin from the time the debt was incurred or from the date of the last activity on the account?? Link to comment Share on other sites More sharing options...
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