statute question
Date: Tue, 09/25/2012 - 17:26
statute question
After the statute of limitations has expired, under the FDCPA. how long does it stay on your cerdit report. I mean, if i wasnt sued over debt that was owed and acounts were closed.
It's actually covered by the FCRA. The answer to your question i
It's actually covered by the FCRA. The answer to your question is 7 years and 6 months from the date of original delinquency. The FTC has an excellent opinion letter available on this subject. http://www.ftc.gov/os/statutes/fcra/amason.shtm
What you need to understand is that the state SoL and the report
What you need to understand is that the state SoL and the reporting SoL are two completely different things, independent of each other. For example, a written contract (like a payday loan) has a SoL of 10 years in SC so the debt might not be on your credit report and still be perfectly valid.
