According to the FCRA, section 605(c) runnin gof reporting time, it states that, "In general. The 7-year period referred to in paragraphs (4) and (6) of subsection
(a) shall begin, with respect to any delinquent account that is placed for collection
(internally or by referral to a third party, whichever is earlier), charged to profit and
loss, or subjected to any similar action, upon the expiration of the 180-day period
beginning on the date of the commencement of the delinquency which immediately
preceded the collection activity, charge to profit and loss, or similar action."
My question is: What about a bill ( medical services from 10/28/2002-12/18/02) that was NEVER paid on, has NOT been sent to collections. When would the SOL have started on this(since there has never been a payment on this account) Would it be the last date of service-12/18/02? If my state of NY is 6 years, does it mean that they have until 2008 to try to collect payment? Thanks!
2007-10-25
04:19:53
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4 answers
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asked by
Angeleyes78
3
in
Business & Finance
➔ Credit
The thing is though, I check my report monthly and this hasn't EVER gone on my credit though. (was supposed to be taken care of by insurance) Hasn't BEEN sent to collections either...
2007-10-25
04:29:41 ·
update #1
So let's say sol started on 1/1/03, would medical bills still fall under the 7 year reporting act? (so it would fall off of credit after 1/1/10) or are medical bills treated differently then credit card bills?
2007-10-25
04:34:50 ·
update #2
Where would I be able to find the SOL laws for NY?
2007-10-25
04:56:10 ·
update #3