SOL and collection agency

[bneefreak]

What is the name of your state? ct
my husband has an account that was charged off in 9/1996 as bad debt. we are currently paying them though monthly. were we almost able to tell them that due to SOL we wouldn't pay?
did we just mess up royaly or can we still fix this?
Please help me!!

 

[Ladynred]

Sorry.. you messed up royally

The SOL would have expired in Sept and you'd have been home free. Depending on the amount, you probably could have dodged them long enough for the thing to expire.

Unforunately, once you start paying, the SOL resets, so now you're stuck with it

 

[bneefreak]

so had we waited until sept we would have never had to pay them and it would come off of the credit report?

to think i was soo close...

thanks sooo much for responding i really appreciate you taking the time to answer my questions....

 

[Ladynred]

It wouldn't have come off your credit report, that would still stay there until the 7 years was up.