hello everybody. i am a shopkeeper and i need money for my business. can anybody tell me should i take business loan or personal loan

im also thinking of getting stocks but i don't know how is it here in the Philippines. can you help me out like how much do i need etc...

KMoney, you should ask this question to a credit lawyer. I don't know if that's what they're called but there are attorneys just for credit.

Yes I think your right. I do know that I am past the SOL for this debt. One judgment I have almost paid off but still once I started paying it, they immediately removed it from my credit report

KMoney, you should ask this question to a credit lawyer. I don't know if that's what they're called but there are attorneys just for credit.

So this website link that was posted says 6 years and NYS Court website says 7 years. Only God knows but if anyone in NY is interested to know if a collection agency has sneakily put in a judgment against you. Here is the number to the civil court

Can I dispute these items if they are still on my credit report? Or should I let sleeping dogs lie and just let them fall off on their own?

Is this 6 year statute supposed to erased the debt off my report? Or does it just make me not responsible for the debt?

From what I understand the statue of limitations refers to the length of time the debtor has to pursue legal action to collect a debt. The website I listed earlier explained it this way...

Generally, a creditor or debt collector gives up his right to file suit to collect a debt after a period of six years from the time the debt was written off (or the date of last activity on your credit report), but various states allow anywhere from 2 to 15 years to collect delinquent debt (see statutes of limitation table below).

But I think they still stay on your credit report for the 7 years...I don't know about the disputing thing...I know someone on here does though...there are very smart people on this site I know they can help you out!!

Can I dispute these items if they are still on my credit report? Or should I let sleeping dogs lie and just let them fall off on their own?

Is this 6 year statute supposed to erased the debt off my report? Or does it just make me not responsible for the debt?

I have been searching for websites trying to figure out what the heck the Statute of Limitations is in NY for credit card charge offs. I keep getting caught up in the legal mumbo jumbo and I don't understand what any of it means. Can one of you direct me to a website that is meant to be read by the layperson???

Try this link
http://www.bcsalliance.com/y_debt_sol.html

It list the different statues of limitations for all 50 states.

WOOOOO HOOOOO!!!! 6 years!!!!!! They are all gone as of July.

I have been searching for websites trying to figure out what the heck the Statute of Limitations is in NY for credit card charge offs. I keep getting caught up in the legal mumbo jumbo and I don't understand what any of it means. Can one of you direct me to a website that is meant to be read by the layperson???

Try this link
http://www.bcsalliance.com/y_debt_sol.html

It list the different statues of limitations for all 50 states.

I have been searching for websites trying to figure out what the heck the Statute of Limitations is in NY for credit card charge offs. I keep getting caught up in the legal mumbo jumbo and I don't understand what any of it means. Can one of you direct me to a website that is meant to be read by the layperson???

wildrage2.... thanks for the info..... i actually had 6 charge offs from 5-7 years ago.... thank god they were all small balances, because I may have been verbally threatened with legal action, but so far none of them have filed anything.... i do have an attorney whom suggested that paying charge offs is typically not a good thing... because if you so much as admit that you owe the debt, the collection agency can restart the clock for another 7 years (in florida its 7 for charge offs and 10 for judgements).... i did pay 4 of them several years ago and florida statute says that after you pay the charge off they can leave it on your credit report for 4 more years.... well, i have a little less the 2 years left to go on the ones i paid.... but as far as the other 2, i am at a loss for them.... one of them has been in 6 different collection agencies and they just keep adding more and more fees to the balance.... the other, i made a payment for half the balance and that was time i had consulted my attorney and i didnt pay the other half.... now, they are quote on quote "considering to pursue legal action", but i am not sure what to quite do.... the agency its at now is midland credit management, which i have heard terrible things about them and there debt collection practices... but, im afraid if i call them, they will leave it on my credit report for longer (since it has 3 years left on it).... i sent them a certified notice that i will pay the remaining balance, but only if they agreed to remove it from my report.... i received nothing back and that was 2 months ago.... i am at a loss on the other 2 charge-offs, can you provide some assistance???

ps, i was under the impression that if a charge-off is past the statute of limitations, they cant come after you with a judgement (at least thats what my attorney informed me off)... its weird that you still were pending a legal matter....

if there's one thing in law school that i've learned is that almost nothing is set in stone. almost everything can be appealed, especially in civil judgements - even more easily if the judgement was in default.

Have I been spelling judgment wrong this whole time???

if there's one thing in law school that i've learned is that almost nothing is set in stone. almost everything can be appealed, especially in civil judgements - even more easily if the judgement was in default.

Double check with the laws in your state. You also want to make sure that the motion is formatted correctly...there should be tons of resources on the web. The court may also require a fee to file. Anywhere from $5-$20. An example of a motion can be found at the following link]http://www.creditinfocenter.com/forms/sampleletter16.shtml[/URL]

you are my hero.

Double check with the laws in your state. You also want to make sure that the motion is formatted correctly...there should be tons of resources on the web. The court may also require a fee to file. Anywhere from $5-$20. An example of a motion can be found at the following link:

http://www.creditinfocenter.com/forms/sampleletter16.shtml