The answer is Yes, although you might want to make sure and wait for another person to confirm it as I am not completely sure. Better yet, why don't you give a call to the Lending Tree guys because they can give you an answer better...

You never know when something will happen and you need credit. Suppose, for example, that something happens to one of your cars. Or you get sick or lose a job. At that point you'll have enough problems, so it would be good to have good credit and some unused lines to fall back on..

I agree that starting with the oldest things first will give you some incentive, since they're probably easiest to remove..

Another thing you need to do is check the Statute of Limitations (SOL) for your state. It may be too late for creditors to collect on the old debts. They can still contact you and try to make you pay, but if they take you to court you just have to show up and assert the SOL as a defense..

If your debts are past the SOL you really have nothing to worry about. Search the board and you'll find lots of info to give you some confidence..

Good luck on your repair journey!..

1*the two judgments. Head down to the courthouse and get copies of all the documentation. jlynn.

2*Maybe it's just better to stay in the dark!?!.

Stephaniet.

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1*I would definitely take jlyns advice on this one. Been me I'd have been down at the courthouse yesterday..

2*And again maybe it's not. Ever think about what being in the dark on what's going on with your credit and scores might be costing you in the form of interest and your cost of insurance policies?.

The END ************************* LB 59..

This is what I found in regards to statute of limitations;.

NEBRASKA.

NEBRASKA.

STATUTE OF LIMITATIONS.

Open Acct.: 4.

4 Years Oral/Open Contracts; 25-206.

Written Contract: 5.

5 YearsWritten Contracts; 25-205.

Domestic Judgment: 5 renewable every 5 Foreign Judgment: 5 non-renewable.

25-206.

Actions on oral contracts or statutory liabilities..

An action upon a contract, not in writing,.

Expressed or implied, or an action upon a liability created by statute, other than a forfeiture or penalty, can only be brought within four years..

Actions not specified..

An action for relief not hereinbefore provided.

For can only be brought within four years after the cause of action shall have accrued.

25-205.

Actions on written contracts, on foreign judgments, or to recover collateral..

(1) Except as provided in subsection (2) of.

This section, an action upon a specialty, or any agreement, contract, or promise in writing, or foreign judgment, can only be brought within five years..

COLLECTION AGENCY BOND & LICENSE Bond: Based on Lic..

License: Yes.

**.

Exemption for out-of-state collectors: Out-of-state collectors are exempt if [1] communicating by interstate means (phone, fax, mail); and [2] are "regulated" by the laws of another state.

Does this apply as we just moved to a neighboring state? All debts were incurred in Nebraska while we were living in Nebraska. If so, how do I go about getting this information to the credit bureaus, etc. If the limit in our state is five years, most everything should have dropped off by now...

You are making a common mistake. The statute of limitations in Nebraska that you refer to are for legal actions for collection of debts owed. This has nothing to do with the reporting period for tradelines on your credit report..

The first thing you need to do is become familiar with the difference between collection statutue of limitations and the seven year reporting period for reporting of derogatory information on your credit report. The intro posts should help you with this..

The good news is it looks like you are past SOL for collection in your state, so you don't have to worry about getting sued for anything. At least you would have an affirmative defense if you did..

The next thing you need to do is get copies of all three of your reports and record the dates of last activity for each negative account. If there are any that are over seven years old, those are easy disputes and deletions..

After that, I would dispute every negative tradeline as "not mine" just so you can get the easy deletions if there are any. Then you will be left with the accounts that will take a little more work and concentrate on those..

It's really a step by step process that isn't that complicated to follow as long as you understand the laws, and how to apply them to your particular situation. This should get you started...