Statute of limitations and bad marks

[Trish]

Originally Posted by Scorepro

I have to somewhat disagree with some of these statements. Several FTC opinion letters have stated that reporting a debt to CRA is considered a collection activity and if the debt is outside SOL, you could make a case that way for getting it removed from CR. Technically, what's been said this far is true, the SOL for being sued and SOL for reporting are two different things, but depending on how u craft it, u can use the FTC opinions to make an argument for having the tradeline removed before the 7 years are up.

Yeah, I have heard of people taking that approach but never seen any success with it.

[troybliss]

Originally Posted by Trish

Yeah, I have heard of people taking that approach but never seen any success with it.

because the creditors will run BACK to the 7 year rule, lol. they will say they have the right to REPORT it, even though its uncollectable.