Re: RMA Sears time barred and counting
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Posted by Why Chat (209.240.198.61) on March 11, 2003 at 16:36:41:
In Reply to: Re: RMA Sears time barred and counting posted by anon on March 11, 2003 at 14:53:34:
Hold your horses!!
The "7 year reporting SOL" is not as cut and dried as you think! On accounts that were CHARGED OFF before Jan.1, 1998, the 7 year reporting period is dated from the CHARGEOFF date. If it was charged off AFTER 1/1998, the OC is/was required to report the first date of delinquency prior to the chargeoff to the CRA. They then legally have to remove it WITHIN 7 years and 180 days from that date. (as a matter of practice they all remove it within 7 years) So -- your complaints about re-aging etc. may not be valid.
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