| #1
10-29-2010, 01:49 PM
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 sol question 7 years
i have a question cause i am a bit confused on something on my credit report i have a credit card from 2004 and i send them a letter saying its sol. i thought stuff falls off your credit report after 7 years but when i look up the sol for california its saying 4 years so i am reading this right. CALIFORNIA INTEREST RATE Legal: 10% Judgment: 10% (Unless otherwise contracted) STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: Reduced to writing-4 Open Acct.: No writing-2 Written Contract: 4  |
| #2
10-29-2010, 06:10 PM
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Your state's SOL law has nothing to do with the FCRA which is federal law. The FCRA determines how long they can report it on your credit report. SOL determines how long you legally owe money to a creditor.
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