Sorry, this is my 3rd and final (hopefully) question about credit reports :)
I'm in California, and it appears that the state's Statute of Limitations for credit card debt collection is 4 years from the date of the last payment.
So if I had a debt that wasn't fully paid in 2001, it's on my credit report from the original creditor. This is fine, as I know it can stay for 7 years. But, since the SoL has expired (In July 2005, which was 4 years after the last payment), they have sold it off to a collection agency.
While I also realize that the collections agency can still contact me to "convince" me to pay it, I don't believe legally they can do anything about it now other than harass me. (Hopefully this is correct so far?)
But, can that collections agency legally keep adding new negative items to my credit report? It would seem to me that since the debt is past the SoL and expired, that while they can harass me, they can't actually add items to my credit report about it. Any ideas?
2007-09-13
07:49:05
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10 answers
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asked by
someoneoutthereishere
2
in
Credit