COs, JDBs, and SOL

[honybee]

Good evening CB'ers!

 

It's been years since I've been on the forum - going thru life's changes and experiences that have placed me back to where I began when I first found this site.

 

Started re-reading through the forum, getting re-acclimated, and have my reports. My credit is trashed yet again...most of it my own fault; I let things go after the divorce proceedings started. I ended up walking away, losing everything except for my car (another story).

 

I figured that instead of being disgusted, I would roll up my sleeves and start the repair. I've opted out, and am in the process of deleting my old addresses, bad numbers, etc from all three reports. After reviewing them I decided to create a spreadsheet that contained all of my "baddies", amounts owed, DOFD, calculated SOL (based on DOFD), and what the status is showing on each of the three bureaus.

 

All of my delinquient CC's have been CO - majority of them sold. One secured a judgement and they garnished my wages before I got laid off so it's a paid CO.

 

Summary of CC Status (as reported):

 

4 CO-Sold - SOLs range from 12/12 to 1/14

5 CO - SOLs range from 5/13 to 5/14

2 FC - SOLs 11/14 and 6/15

I also have 11 CA accounts reporting as well, all except 3 are within SOL.

My question is that if a debt per OC reporting is currently outside the SOL (I'm in IL, SOL=5yrs), but was sold before the SOL - JDB/CA in most instances report same DOFD as OC - does the SOL clock 'restart' with the JDB/CA since they purchased the debt? I'm kinda confused on that since I didn't have that issue before. I've been combing the boards and couldn't find that particular answer so I figured I would ask

 

I want to be able to go in with guns blazing after the address disputes come back. I'm sure I will have more questions, but I figured I'd start somewhere.

 

Any response would be greatly appreciated. You guys have always been AWESOME

 

[moosetracks]

No, the CA/JDB must work off the OC's DOFD.

[honybee]

No, the CA/JDB must work off the OC's DOFD

4 Accounts are with Midland. 2 SOLs are 11/13, one 2/14 and one 6/15.

 

I wonder if I dispute with them on the ones outside the SOL, would I risk them trying to sue me on the one remaining? That amount is just over 2K, even though the original debt was less than $800.

[shifter]

you could definitely wake the bear

 

and end up in hot water on the one inside SOL.

 

however, you could take a chance

 

and offer them a PFD for all 4 at once next month.

 

I don't know if that's a good idea or not.

[honybee]

Just so I understand, if the debt is past SOL, can the JDB report it still since it is legally not a collectible debt?

[ICANHASMUNY?]

no, they can only report it 7 years from the charge off date of the OC.

 

make sure the JDB's are reporting the Same fall off date as the OC account.