CRA & SoL

[formercreditidiot]

Can a CA/JBD place a past SoL debt on your CR?

If yes, after I dispute with the CRA, are they (CRA) obligated to delete it or does it remain for 7.5 yrs on the CR?

I'm confused. I know the difference between SoL and the time frame a date can stay on your CR, but I've read a few things here that got me thinking I have it wrong.

If a CA/JBD validates a out of SoL debt, can they legally report it to a CRA?

[poppet24]

From what I understand - all the SOL means is they can not sue you for the debt, but they can continue to try and collect for it as well as report it to the CRA's. It will stay on the CR until the 7 year mark.

[Coltfan1972]

They can report the debt regardless of what the statute of limitations for being able to collect via court is. The limits for reporting and being able to sue (acutally being able to use the SOL defense) are 100% independent of one another.

However, if you dispute, they don't have to remove, but the due have to mark the account in dispute.

[formercreditidiot]

So, a CA can report a debt regardless of a SoL, they just can't sue you.

So, am I correct in thinking that you can have a 8+ year old debt (from DOFD) on you CR?

I guess what I am trying to say is, does the 7 yr mark for a debt to stay on your CR begin with the DOFD OR the date the CA reports it to the CRA?

I have successfully deleted numerous OLD debts and now I am beginning to wonder if they can be reinserted and if so, for how long.

This is like a nightmare I can not wake myself from....sigh

[BV80]

So, a CA can report a debt regardless of a SoL, they just can't sue you.

So, am I correct in thinking that you can have a 8+ year old debt (from DOFD) on you CR?

I guess what I am trying to say is, does the 7 yr mark for a debt to stay on your CR begin with the DOFD OR the date the CA reports it to the CRA?

I have successfully deleted numerous OLD debts and now I am beginning to wonder if they can be reinserted and if so, for how long.

This is like a nightmare I can not wake myself from....sigh

The 7 year period begins on the date of first delinquency which usually coincides with your date of last payment. A negative entry can remain for 7 to 7.5 years after that date.

If it's been 8 years since your very last payment, the entry shouldn't be there.

[BV80]

So, a CA can report a debt regardless of a SoL, they just can't sue you.

So, am I correct in thinking that you can have a 8+ year old debt (from DOFD) on you CR?

I guess what I am trying to say is, does the 7 yr mark for a debt to stay on your CR begin with the DOFD OR the date the CA reports it to the CRA?

I have successfully deleted numerous OLD debts and now I am beginning to wonder if they can be reinserted and if so, for how long.

This is like a nightmare I can not wake myself from....sigh

The 7 year period begins on the date of first delinquency which usually coincides with your date of last payment. A negative entry can remain for 7 to 7.5 years after that date.

If it's been 8 years from the date that the OC gives a the DOFD, the entry should be gone.

[Coltfan1972]

7 to 7.5 is as long a negative can stay on your report. In my state (depending on the court and arguments) a credit card debt has a three year state. So if I defaulted on a credit card four years ago, the debt would be past my state's SOL for legally suing, but could still be reported on my credit for three more years.

[formercreditidiot]

Ok, that makes sense and puts my mind at ease.

these old debts are past the 7 year mark. I was just wondering if when disputed with the CA/JDB, if the CA sends the debt BACK to the OC, if the OC can reinstate the debt on my CR.....however, you both answered that, with NO it cannot be on my report if 7.5 years past DOFD.

thanks again, guys. You have no idea how much you have helped.