i now have a new negative collection on my credit reports and this debt is over 10 years old..can a collection agency do that any time? and it can pop up on my report decade after deccade??? doesn't seem legal to me?
2007-10-03 12:40:23 · 6 answers · asked by doglover2 1 in Business & Finance ➔ Credit
No they cannot be 10 year old debt on your credit report. Dispute the entry with the credit bureaus as being beyond the 7 year reporting period. The entry should be removed.
2007-10-03 12:58:54 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
If that utility bill was over 10 years ago there is no way that bill should be live. The statue of limitations have passed and the collection agency should have reported long before now. This is illegal. If the collection agency wanted the money they could have attached your wages. You should contact Experian and let them know the collection agency reported a bill that is over 10 years old. If the collection agency had reported this sooner it will no longer be showing up on your credit report the limit is 7 years for California I don't know what state you are in. If that do not work you need to contact an attorney for advise. YOU SHOULD WIN THIS IF YOU FIGHT.
2007-10-03 13:08:03 · answer #2 · answered by lilbitt5.0 2 · 0⤊ 0⤋
there is a few thing stated as Statute of obstacles or SOL. which skill that a creditor can no longer come when you after the debt is 7 years previous. Now, there are new series businesses stoning up. They purchase sol expired expenses for pennies on the greenback. it relatively is a crap recreation for them, via fact that a pair of million/2 the human beings understand approximately SOL, yet whilst they assemble from the people who don't understand - they have hit the jackpot. Google SOL and your state call to your state's SOL. some states have an sol shorter than 7 years. Ex: TN is 6 years, and Texas is a trifling 3 years. observe: do no longer admit to the bill or acknowlege it - it ought to reset the SOL. whilst those fools call returned, point out the SOL has been reached and tell them to take a hike! /
2016-10-10 06:20:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Some agencies are scammer. They find old bills and put them on your credit report so that you will call and promise to pay it. Once you say that, it becomes a current bill. I believe it is fin/99 that appears on some credit reports and is a total scam. Do you research and don't promise anyone any money.
2007-10-03 12:46:02 · answer #4 · answered by Sport 2 · 0⤊ 0⤋
It has been there all along it just took the utility company this long to find you.Just pay it and be done with it.There is no statue of limitations on bills of any kind.My father passed away owing medical bills from 1972 ,his estate paid them ,but us kids got "bills for his debts".
2007-10-03 12:50:18 · answer #5 · answered by dymond 6 · 0⤊ 2⤋
ask them in writing to prove that you owe THEM, the bill,
you want full payment history, at what address, and did
they purchase or were they assigned the debt, what
contract did you sign with them that says you owe THEM
www.creditinfocenter.com
2007-10-03 12:53:29 · answer #6 · answered by Anonymous · 1⤊ 0⤋