Newbie Questions about Charge Offs

[zeekthegeek]

Alright, so I have my credit reports.

I am seeing that I have a couple of charge off accounts, that have been written off, and are scheduled to be removed from my credit report. I know that this question may seem silly...BUT...am I still liable for that debt?

In my head it makes sense that I am.

Thanks,

Zeek

[jjgross]

Originally Posted by zeekthegeek

Alright, so I have my credit reports.

I am seeing that I have a couple of charge off accounts, that have been written off, and are scheduled to be removed from my credit report. I know that this question may seem silly...BUT...am I still liable for that debt?

In my head it makes sense that I am.

Thanks,

Zeek

Yes you are though it may go off your credit report it doesn't remove the debt.Now having said that the sol might apply depending on the state your in,and if it applies choice of law.It doesn't stop them srom sueing you but it gives you a defense to have it dimissed by the judge.

[chane]

When was the DOLA (date of last activity)?

[zeekthegeek]

Originally Posted by jjgross

Yes you are though it may go off your credit report it doesn't remove the debt.Now having said that the sol might apply depending on the state your in,and if it applies choice of law.It doesn't stop them srom sueing you but it gives you a defense to have it dimissed by the judge.

SOL? What is that?

[zeekthegeek]

Originally Posted by chane

When was the DOLA (date of last activity)?

Well, I have Last Reported: 05/2008, Date of Status: 07/2002

[jjgross]

Originally Posted by zeekthegeek

Well, I have Last Reported: 05/2008, Date of Status: 07/2002

Sol (statue of limitations)If your last payment was 2002 they won't come after you and if they did it would probaly get dismissed.