Reading a Credit Report

[JohnC]

What is the name of your state?What is the name of your state?What is the name of your state? New York

Per my request, TransUnion of Buffalo sent me a CR. The report does not include the date which last payment was made for any listings. Am I correct that I need this info to determine SOL?
I had one listing for Cross Country Bank which was opened in 7/1997. Closed in 4/2000. Purchased to another firm. Now a Law Office is trying to collect. I am not sure if the SOL has run its course on this because of missing information.

 

[Ladynred]

You really should get reports from all 3 credit bureaus. I believe Experian does give you the date of last activity.

The opened date doesn't figure into the SOL calculation anyway. If the account went delinquent and was charged-off in 2000, then the SOL won't be up for another 2 years. NY has a 6 year SOL. Is there a charge-off date on your report or a notation that says "180 days past due" ?? Either would give you a ballpark for the SOL, just subtract 180 days from that date.

 

[JohnC]

The report says" Past due 4/2000" " Charged off as bad debt 5/2002"
So I should subtract 180 days from 5/2002? That puts the last payment in November 2001. Is this correct?

BTW, I am waiting for reports from the other CB's.

Thank you for your help.

 

[Ladynred]

It was past due 4/2000 ?? Did you ever pay on it after that ??? Could be the actual charge-off happened much earlier, especially if you weren't paying on it after 4/2000. You'll need to verify that.

 

[JohnC]

As far as I can recall, no payments were made beyond 4/2000. I am not sure how many days a CC company will give you before it is considered past due. I would guess about 30 beyond the due date. So the actual past due date could be 3/2000.
Does that make sense? Your're right about the actual "charge-off" It may have been earler. I hope so.