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1 Contributions 976 People Helped

Member Since: November 2014

Most Helpful Contribution

How to dispute an error on your credit report

Nov 06, 2014
Helpful to 976 out of 1180 people

Like you, I'm not an attorney, nor expert.  In fact, I don't know a lot on this subject.  However, I've filed a bancruptcy (in CA also) and have learned a bit about "old" debt.  While I found your post enlightening, about the time statute renewing on the most recent date of contact, I'm not sure how accurate it is.  I do know for a fact, that your "4 years" is wrong.  It's 7 years for most debts and 10 years for others, before you're safe from being collected on/sued.  For some debts like student loans, child support, alimony, and court judgments there is no time limit-so you can be snet to collections/sued any time.  Regardless whether you've past the statue of limitations on a debt, while they cannot sue you or seek collections anymore, technically, you still owe that debt.  The only true way to have debt wiped from your record is to file a bancuptcy, and still not all debt can be discharged.  Now there are "4 year" statue of limititations, but those are regarding various time limits on when you can sue someone for other things, like medical malpractice (which is generally 3 years, depending on where you live and what you're fighting against).  Once again, however, if what you're otherwise saying about the "years" renewing when you contact them, that might explain why my attorney didn't want me contacting old debts regarding my current balance with them for my bancruptcy (I hadn't received bills in years, but wanted them listed in my bancuptcy regardless, which they were, with estimated balances).  Thanks, for the interesting post!

Activity (1 Total Contributions)

How to dispute an error on your credit report

Nov 06, 2014
Helpful to 976 out of 1180 people

Like you, I'm not an attorney, nor expert.  In fact, I don't know a lot on this subject.  However, I've filed a bancruptcy (in CA also) and have learned a bit about "old" debt.  While I found your post enlightening, about the time statute renewing on the most recent date of contact, I'm not sure how accurate it is.  I do know for a fact, that your "4 years" is wrong.  It's 7 years for most debts and 10 years for others, before you're safe from being collected on/sued.  For some debts like student loans, child support, alimony, and court judgments there is no time limit-so you can be snet to collections/sued any time.  Regardless whether you've past the statue of limitations on a debt, while they cannot sue you or seek collections anymore, technically, you still owe that debt.  The only true way to have debt wiped from your record is to file a bancuptcy, and still not all debt can be discharged.  Now there are "4 year" statue of limititations, but those are regarding various time limits on when you can sue someone for other things, like medical malpractice (which is generally 3 years, depending on where you live and what you're fighting against).  Once again, however, if what you're otherwise saying about the "years" renewing when you contact them, that might explain why my attorney didn't want me contacting old debts regarding my current balance with them for my bancruptcy (I hadn't received bills in years, but wanted them listed in my bancuptcy regardless, which they were, with estimated balances).  Thanks, for the interesting post!