Is There A Statute Of Limitations On Debt Collection And Credit Reporting?

by **Birkey** » Thu Jan 16, 2014 8:01 am

25 years ago I was in a negative marriage and we ran up some poor debt. I virtually lived off the credit grid for 10 years, and given that have built up an more than 800 credit rating, purchased true estate and have carried out fairly properly. In the last year or so, a collection agency has been coming following me for one paticular debt. I believed there was some sort of statute of limitations. I am not asking you to inform me if I am morally obligated to spend this debt, I am asking if they can legally enforce it following all this time and if they can nonetheless report it to the credit bureaus.

by **Betzalel** » Thu Jan 16, 2014 11:54 pm

10 years a collection agency can attempt and collect up to 10 years in California. Nonetheless what they do is sale the claim to one more agency and it becomes new again. Billbojr 55 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please confirm your account to send a message.

by **Huw** » Mon Jan 20, 2014 11:00 am

http://www.fair-debt-collection.com/SOL-by-State.html is the page on that site that I mean to link to.

by **Bensen** » Sun Feb 02, 2014 2:27 pm

IchtheosaurusRex said: 2 They probably bought up your old debt for pennies on the dollar, and are trying to harass you out of some money. I'll bet dollars to donuts that they'll settle for a lot less than the original amount, if you want to deal with them. If you tell them not to call you on the phone, you pull their teeth. They're not going to sue you. Whoever you had the debt with initially wrote it off long ago.As to your credit report, I think they only go back 7 years, and only certain kinds of debt are reported. Statutes of limitations on debt vary from state to state, so I'd check with your state attorney general's office. 55 months ago

by **washington** » Thu Feb 06, 2014 10:21 am

MrItty said: 1 http://www.fair-debt-collection.com/It would seem to depend on the state you live in. Of course, that's assuming the info on the site above is legit. Realize that they are a business intending to get you to use their legal services, so take everything they advertise with a grain of salt.But I'm still curious - how did you "build up an over 800 credit rating" if you "lived off the grid for 10 years". Do you mean that you had massive debt 25 years ago, hid from the collectors for 10 years, and then after those 10 years, started fresh? And now suddenly they're calling you for the first time in 15 years? 55 months ago

by **Abijah** » Sat Feb 08, 2014 6:20 pm

They probably bought up your old debt for pennies on the dollar, and are trying to harass you out of some money. I'll bet dollars to donuts that they'll settle for a lot less than the original amount, if you want to deal with them. If you tell them not to call you on the phone, you pull their teeth. They're not going to sue you. Whoever you had the debt with initially wrote it off long ago.As to your credit report, I think they only go back 7 years, and only certain kinds of debt are reported. Statutes of limitations on debt vary from state to state, so I'd check with your state attorney general's office.

by **burghard** » Sun Feb 09, 2014 8:34 am

MrItty said: 4 http://www.fair-debt-collection.com/SOL-by-State.html is the page on that site that I mean to link to. 55 months ago

by **Wit** » Mon Feb 10, 2014 1:24 pm

http://www.fair-debt-collection.com/It would seem to depend on the state you live in. Of course, that's assuming the info on the site above is legit. Realize that they are a business intending to get you to use their legal services, so take everything they advertise with a grain of salt.But I'm still curious - how did you "build up an over 800 credit rating" if you "lived off the grid for 10 years". Do you mean that you had massive debt 25 years ago, hid from the collectors for 10 years, and then after those 10 years, started fresh? And now suddenly they're calling you for the first time in 15 years?

by **Cranley** » Thu Feb 13, 2014 9:43 am

Annlee said: 3 Yes!Each State has its own Laws:The important one to look and read is called the STATUTE OF LIMITATIONSif ANY COLLECTOR VIOLATES THIS: report them properly to The USA GovernmentAlso, write any CREDIT REPORTING AGENCY THAT HAS ITEMS listed after 7 years...10 for Bankruptcy, or any over the Statute of Limitations.After Statute has attached: They may not report it nor collect upon it. But, they can take you to Court...where you promptly inform the judge the Statute has run, and he will dismiss with prejudice almost every single time.Blessings........Annlee 55 months ago

by **Kolskeggr** » Fri Feb 14, 2014 9:30 am

Yes!Each State has its own Laws:The important one to look and read is called the STATUTE OF LIMITATIONSif ANY COLLECTOR VIOLATES THIS: report them properly to The USA GovernmentAlso, write any CREDIT REPORTING AGENCY THAT HAS ITEMS listed after 7 years...10 for Bankruptcy, or any over the Statute of Limitations.After Statute has attached: They may not report it nor collect upon it. But, they can take you to Court...where you promptly inform the judge the Statute has run, and he will dismiss with prejudice almost every single time.Blessings........Annlee

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