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KS SOL, 7 year dates, questions, etc.
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Posted by kanman
(65.30.76.36) on September 14, 2003 at 10:54:38:
Hi all, I posted some of this question earlier but only got 1 reply and I'm still a little unsure and confused, so here it goes again. I live in Kansas and have an old Credit Card account, which has been "charged off". I recently received a letter from a company, saying they had bought my old CC account. They keep leaving phone msg's on a relatives answering machine (I don't have a phone) ending with "call us within 24 hours to avoid the next step". I checked my Credit Reports and found this info. My original CC company reports a date of last activity of 05/1999, date reported 02/2000. The CA reports date assigned 12/2002, date of last activity 02/2000, date reported 01/2003. *After looking at my equifax report, I noticed that the date the OC "charged off" the account is the same as the date listed by the CA as the date of last activity. Is this still "illegal" reaging of the account?* I know in Kansas the SOL is listed at 3 years, but when does it begin? I was under the impression it started on the date of last activity, which I don't understand how the CA can report a different date of last activity than the original creditor. Also, could the CA claim that since they were assigned this account before the SOL (According to their date of last activity) that they still can seek judgement against me and the SOL hasn't elapsed? Do they actually have to file suit within the SOL, not just start the wheels turning towards a law suit within the SOL? Also, does the 7 year limit for reporting things start at the same date the clock starts for SOL ? If things are reported today by a CA about accounts past due almost 5 years ago, does it come off my CR 7 years from today or in 2 years from now? Thanks in advance for any help
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