Donnamite

1 Contributions 4 People Helped

Member Since: June 2013

Most Helpful Contribution

How to dispute an error on your credit report

Jan 15, 2015
Helpful to 4 out of 6 people

I just wanted to comment on 4teamon's post.  That's not how the Statue of Limitations works.  It's not from when you talk to someone, it is based on the date they receive your last payment.  From that day forward if you don't send any more money that's the date the years start.  In Texas which is where I'm at it is 7 years.  So if I made a payment 1/1/2000 and made no further payments on that account then 1/1/2008 I would know they couldn't do anything further against me like sueing me however they will continue to call and try and get money up until either the account gets paid or you die.  I have a credit card I got back in 1977 when I was young and didn't know what all of life was really about, but I never paid the complete balance and to this day 1/13/2015 they call me, and send me collection letters.  However after the first 7 years was up they card was taken off my credit report and I have no fear of ever being sued by them.  In fact I just got a letter from them not to long ago wanting me to open a credit card account again and that I was guaranteed approva.

Activity (1 Total Contributions)

How to dispute an error on your credit report

Jan 15, 2015
Helpful to 4 out of 6 people

I just wanted to comment on 4teamon's post.  That's not how the Statue of Limitations works.  It's not from when you talk to someone, it is based on the date they receive your last payment.  From that day forward if you don't send any more money that's the date the years start.  In Texas which is where I'm at it is 7 years.  So if I made a payment 1/1/2000 and made no further payments on that account then 1/1/2008 I would know they couldn't do anything further against me like sueing me however they will continue to call and try and get money up until either the account gets paid or you die.  I have a credit card I got back in 1977 when I was young and didn't know what all of life was really about, but I never paid the complete balance and to this day 1/13/2015 they call me, and send me collection letters.  However after the first 7 years was up they card was taken off my credit report and I have no fear of ever being sued by them.  In fact I just got a letter from them not to long ago wanting me to open a credit card account again and that I was guaranteed approva.