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Question By
melsingh

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"Open" Collection on credit, last payment was 12/2010. FL Stat. of Limit is 5, can I have it removed
Its states on credit karma its open ,but the last payment was 12/2010 and according to FL statute of Limitation its five years. How do I get removed or it I even can.

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Different laws are applicable here...

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The statutes you are talking about in Florida concern the Statute of Limitations on when a creditor can come after you in a court of law for the debt owed.  The FCRA (Fair Credit Reporting Act) states that a negative mark may stay on your credit report for up to 7 years but no longer, since the date of last activity on the account.  The exception to that is Bankruptcies, Tax Liens, and sometimes foreclosures (but typically lenders aren't concerned after 7 years if you've had a foreclosure).  The older the account becomes, typically the easier it is to have it removed by disputing the account, as many times the original creditor sold it to a collection company that isn't offiliated with the creditor, and many times they don't have all the pertinent information needed to verify the accuracy of the account.  Again though, we have seen time and time again that the collection agencies aren't always the most scrupulous bunch, and they can just say that they have the information and it's accurate, and report back to the bureaus that all is correct, and the collection remains.  Don't give up after the first dispute if it doesn't work....the squeaky wheel gets the grease, keep disputing it.  Good luck!

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Incorect info by all credit beurows

Helpful to 3 out of 3 people

I have never seen such srew ups in my life call an aturmey this is a clacic ID stolen

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The time limit for credit history reporting is 7 years nationwide so the collection will show on your report for that time.

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Dispute

The advice to dispute the account is right on.  There's a high likelihood the account will be removed from your reports because the creditor won't respond to the bureaus because they no longer have any information about that account, since it was paid over six years ago.  I would follow the other poster's guidance and dispute until it's removed.  Don't get frustrated if it takes a few letters.

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Past state law

Habeas corpus on credit

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Norcokid

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Helpful to 1 out of 1 people

Removed from record

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