What is the name of your state? Resident - Colorado, Debt-incurred - Arizona
I recently (earlier this year) had a Utility debt show up on a credit report. The debt was incurred about 7 years ago in Arizona. I had “verbally” disputed the debt, as the amounts were about 3 times the average local power bill. They had not sent me a bill for months, while I contacted them several times to find out where the bill was they failed to provide a bill. The power was never interrupted and I never had a chance to know how inflated the amounts were. After about a year I moved from the house and found that I had a large account, it had been a year with no bill. I had put aside about $150 per month so that I could handle the bill when it showed up. When I finally found out how much I owed it was almost three times the amount I had saved up. They would not work with me when I disputed the amounts and asked to have the meter checked. As I said before I disputed the amount and asked them to re-evaluate the bills. They never responded. I did not hear from them again. Then just last spring, I noticed a charge-off on my credit report. That’s about 7 or 8 years from when the first payment was missed. I received no notice that they planned to attach this to my credit report and I feel there is a Statue of Limitations issue here. I have been working hard to clean up my credit and this to me is an unfair blow. While I still feel obligated to pay a fair portion of the debt, I don’t think they have a right to post a negative mark on my credit.
I am now a Colorado resident, for the past three years, so I believe I am now protected by the Colorado Statues.
The questions I have are:
1. Does the Statues of Limitations for Credit Reports prevent them from posting a negative mark for a debt incurred over 7 years ago?
2. Is the debt categorized as “Open-credit” or “Contractual Credit”. It seems that SoL’s change with type of debt.
Thanks for any help offered.
I recently (earlier this year) had a Utility debt show up on a credit report. The debt was incurred about 7 years ago in Arizona. I had “verbally” disputed the debt, as the amounts were about 3 times the average local power bill. They had not sent me a bill for months, while I contacted them several times to find out where the bill was they failed to provide a bill. The power was never interrupted and I never had a chance to know how inflated the amounts were. After about a year I moved from the house and found that I had a large account, it had been a year with no bill. I had put aside about $150 per month so that I could handle the bill when it showed up. When I finally found out how much I owed it was almost three times the amount I had saved up. They would not work with me when I disputed the amounts and asked to have the meter checked. As I said before I disputed the amount and asked them to re-evaluate the bills. They never responded. I did not hear from them again. Then just last spring, I noticed a charge-off on my credit report. That’s about 7 or 8 years from when the first payment was missed. I received no notice that they planned to attach this to my credit report and I feel there is a Statue of Limitations issue here. I have been working hard to clean up my credit and this to me is an unfair blow. While I still feel obligated to pay a fair portion of the debt, I don’t think they have a right to post a negative mark on my credit.
I am now a Colorado resident, for the past three years, so I believe I am now protected by the Colorado Statues.
The questions I have are:
1. Does the Statues of Limitations for Credit Reports prevent them from posting a negative mark for a debt incurred over 7 years ago?
2. Is the debt categorized as “Open-credit” or “Contractual Credit”. It seems that SoL’s change with type of debt.
Thanks for any help offered.