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  #1  
Old 08-16-2005, 03:52 AM
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Old Debt

What is the name of your state?NY
I have two bad debts, AT&T in MA 14 years ago and AT&T in NY 4 years ago and boths still in my credit history when I get the report recently. Both debts about $1200. Is it still too soon not to settle those debts. If it passed the SOL, do I need to settle to have it remove from my credit history?
  #2  
Old 08-16-2005, 06:50 AM
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Join Date: Aug 2005
Location: St. Odo of Cluny Parish
Posts: 29,043
Standard answer on expired SOL and/or validation and/or dispute letters. There are thousands of posts similar to yours on this forum so I have prepared a standard answer.

SOL
[url]http://www.bcsalliance.com/y_debt_sol.html[/url]

[url]http://www.fair-debt-collection.com/Disputing_Collections/SoL-dispute-letter.html[/url]


Validation letter samples you can get at :
[url]www.creditinfocenter.com[/url]
and [url]www.creditboards.com[/url]


Disputes: You can write a letter of dispute to the three credit reporting agencies.

Go this website to find instructions and samples for how to dispute: [url]http://www.creditinfocenter.com/creditreports/[/url]

Sometimes errors are easy to remove and sometimes they stick like glue. It is inexpensive to try and not difficult.

I am NOT a creditor-debtor lawyer; stand by for further help.

I am NOT vouching for the accuracy of these websites!
  #3  
Old 08-16-2005, 12:06 PM
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seniorjudge,
assume my sol has expired, will this bad record stay on my credit history report forever? Thanks.
  #4  
Old 08-16-2005, 02:11 PM
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Location: St. Odo of Cluny Parish
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I don't have the foggiest....
  #5  
Old 08-16-2005, 03:38 PM
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negative items may not stay on a credit report longer than 7 1/2 years after the date of first default
  #6  
Old 08-16-2005, 03:39 PM
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Location: St. Odo of Cluny Parish
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Quote:
Originally Posted by Debt Guy
negative items may not stay on a credit report longer than 7 1/2 years after the date of first default
Thank you...now, I have the foggiest....
  #7  
Old 08-16-2005, 05:52 PM
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there are some exceptions -- bankruptcy and judgments stay on longer than 7 1/2 years

there is no rule for how long positive items can stay on the report.
  #8  
Old 08-17-2005, 03:38 AM
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Join Date: Mar 2005
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[quote=Debt Guy]negative items may not stay on a credit report longer than 7 1/2 years after the date of first default[/QU

Looks like my negative report for more than 10 years back in 1991 still on my report. What shall I do next?
  #9  
Old 08-17-2005, 08:57 AM
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The 7 1/2 years runs from the date of default -- not when you opened the account.

File a dispute with the credit reporting agencies.
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