Jes
Eau Claire,#2Author of original report
Tue, January 22, 2008
Sorry, I made a mistake above. The Wisconsin statute of limitations is 6 year for contracts, so within the next month or two, they can't do anything. I haven't told anyone I was out of the country and I don't intend to as I realized that would probably be a bad idea. I realize it is "only two years" before it drops off, but two years is a long time to not be able to get a car loan or a decent credit card.
Jes
Eau Claire,#3Author of original report
Tue, January 22, 2008
Sorry, I made a mistake above. The Wisconsin statute of limitations is 6 year for contracts, so within the next month or two, they can't do anything. I haven't told anyone I was out of the country and I don't intend to as I realized that would probably be a bad idea. I realize it is "only two years" before it drops off, but two years is a long time to not be able to get a car loan or a decent credit card.
Jes
Eau Claire,#4Author of original report
Tue, January 22, 2008
Sorry, I made a mistake above. The Wisconsin statute of limitations is 6 year for contracts, so within the next month or two, they can't do anything. I haven't told anyone I was out of the country and I don't intend to as I realized that would probably be a bad idea. I realize it is "only two years" before it drops off, but two years is a long time to not be able to get a car loan or a decent credit card.
Steve
Bradenton,#5Consumer Suggestion
Tue, January 22, 2008
Jes, First, the potential problem. DO NOT bring up the fact that you were out of the country. This could provide for "tolling" of the SOL. Do not even admit you were living outside the country. If they bring it up, you tell them it was simply a vacation and you maintained a residence in TX the whole time! The fact that they went belly up works in your favor, as the fed gov't is the trustee for those accounts. They could care less if they get collected. Also in your favor is the fact that they are reporting differently to the 3 major credit bureaus. DO NOT DISPUTE THIS DEBT AT THIS TIME!! LET IT GO!! The small hit you are taking on your credit report because of this item right now is nothing compared to the hit you will take in court costs and legal fees if you wake up that sleeping bear. LET IT GO! You only have 2 years until it rolls off your reports and is past SOL in WI too. Wait until then to do any disputes unless you are served with a summons.
Steve
Bradenton,#6Consumer Suggestion
Tue, January 22, 2008
Jes, First, the potential problem. DO NOT bring up the fact that you were out of the country. This could provide for "tolling" of the SOL. Do not even admit you were living outside the country. If they bring it up, you tell them it was simply a vacation and you maintained a residence in TX the whole time! The fact that they went belly up works in your favor, as the fed gov't is the trustee for those accounts. They could care less if they get collected. Also in your favor is the fact that they are reporting differently to the 3 major credit bureaus. DO NOT DISPUTE THIS DEBT AT THIS TIME!! LET IT GO!! The small hit you are taking on your credit report because of this item right now is nothing compared to the hit you will take in court costs and legal fees if you wake up that sleeping bear. LET IT GO! You only have 2 years until it rolls off your reports and is past SOL in WI too. Wait until then to do any disputes unless you are served with a summons.
Steve
Bradenton,#7Consumer Suggestion
Tue, January 22, 2008
Jes, First, the potential problem. DO NOT bring up the fact that you were out of the country. This could provide for "tolling" of the SOL. Do not even admit you were living outside the country. If they bring it up, you tell them it was simply a vacation and you maintained a residence in TX the whole time! The fact that they went belly up works in your favor, as the fed gov't is the trustee for those accounts. They could care less if they get collected. Also in your favor is the fact that they are reporting differently to the 3 major credit bureaus. DO NOT DISPUTE THIS DEBT AT THIS TIME!! LET IT GO!! The small hit you are taking on your credit report because of this item right now is nothing compared to the hit you will take in court costs and legal fees if you wake up that sleeping bear. LET IT GO! You only have 2 years until it rolls off your reports and is past SOL in WI too. Wait until then to do any disputes unless you are served with a summons.