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Time debt can be reported?


muntja
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The last post in this topic was posted 2551 days ago. 

 

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Maybe a simple question, but i found a list of the statue of limitations that a debt can be sued for;

where i live, wisconsin, it's 6 years;

 

that means debt that is older than 6 years I cannot be sued in court for; cool, i've been sued already for whatever and have nothing left unpaid;

 

but that said - is there a list, or is it the same thing, where reporting is and how long it can be?

for example, I know a bankruptcy can only be reported on credit reports for 7 or 10 years depending on the type of bankrupty.

but what about a charged off credit card?

is that across the board the same for everyone, say 7 years, or is it possible that if in wisconsin it is only 6 years and therefore i can request old charge offs removed that are older than 6 years?

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Other than BK, they can be reported for up to 7.5 years from DOFD. The CRAs usually use 7 years though, and you can start getting them deleted with obsolete disputes around the 6.5 year mark.

 

The only exception to this that I know of is in NY where paid collections can only stay on your reports for 5 years.

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Wisconsin has a statute of repose. A debt collector cannot legally sue to collect a debt;moreover, they have to stop regular collections once the statute passes . Mississippi and Wisconsin are the only states that have a statute of repose.

 

 

i haven't found anything like this, do you have any documentation or links for something like this? late now and off subject sort of what i was asking about, but very interesting to hear this if true...?

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Wisconsin has a statute of repose. A debt collector cannot legally sue to collect a debt;moreover, they have to stop regular collections once the statute passes . Mississippi and Wisconsin are the only states that have a statute of repose.

 

 

i haven't found anything like this, do you have any documentation or links for something like this? late now and off subject sort of what i was asking about, but very interesting to hear this if true...?

 

 

You need to look in the state statutes that govern collection activities to find it.

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