Am I still liable for debt that no longer shows up on my credit report?

Question

I had several accounts of debt that I was responsible for from the early to mid 90s. These debts consisted of a home ($120,000), a central heating/central air unit installed in the home ($15,000). A water softener system also installed in the home ($5000). Personal Loans - one was secured by household goods for $4000 and one was not - another $4000. And credit card debt for $850. I stopped paying these loans back in 1995 and stopped paying my credit card in 1997 because my debt exceeded my income. I could not take the house or the water softener or the central heating/air unit with me, so why pay for it. I get letters every once in a while from these people still trying to collect and I always ignore it. None of these items appear on my credit report, and I've been told that my credit report is excellent with a credit score of over 800. Can anyone tell me if these bill collectors can come after me for the balance owed almost 15 years ago?

Answer 1

I do not believe you. Number 1 the home would have been foreclosed on and not something you had a choice of paying off a loan or not soooo.

Answer 2

Each state has a statue of limitation for debt collection. Check with your state, however a lot of old debts have been sold off to companies in business to do just that job. I would not respond to any off these attempts or acknowledge them by phone call. http://www.rippedwallet.com/pages/index.php?refid=cril38128