On a credit report, if things were deleted, could the companies still send you bills?

Question

Do you still hae to pay the bills or do they have to stop sending them??

Answer 1

There are two time lines involved the first is derogatory accounts drop off your credit report 7-years form the date of first delinquency.

The second is the statute of limitations which is the time creditors have to sue you for the debt. Once this time passes, they can still sue but all you have to do is show the court that the S.O.L. has expired and the case will be dismissed. I posted a link so you can look up your State at the bottom.

Some creditors continue to bug people to pay even after the S.O.L. has expired and the accounts have droped off their credit. Never admit that you owe the debt or pay them a dime since this restarts the S.O.L.


http://www.bcsalliance.com/index.html

Answer 2

I disagree that you have anything to gain by paying at this point. Even if you pay the money, it will still show as a "paid collection", which will NOT increase your credit score very much--if at all. Paying the alleged debt would be a waste of money, and would be unlikely to improve your chances of getting a credit card. You should be aware that the market for credit has become incredibly "tight", and even people with excellent credit scores are being declined for new accounts. Perhaps if you try your luck with a different bank, you might be approved. Perhaps at this point in time, your income isn't sufficient to meet the credit card issuers' criteria, especially in light of the new laws that are taking effect next year.

Answer 3

Negatives fall off your credit report 7-1/2 years from the date of delinquency. That doesn't mean the creditor can't continue to try and collect -- they can follow you to the grave.

If you want the creditor to stop contacting you, send them a cease and desist letter (certified, return receipt). They have to stop calling or sending notices. They can, however, sue you.

The Statute of Limitations (SOL) covers the time frame a creditor can take you to court. It varies from state to state. The clock starts from the last payment. In some states, admitting that you owe or promising payment will restart the clock.

If you are sued, you have to show up in court and use the SOL as an affirmative defense to not paying. If you fail to show, the creditor gets a default judgment.

Answer 4

Yes, the only way to keep the companies from sending you bills is either pay it off or file bankruptcy. Sometimes after a length of time a company may write off the debt, but it will be on your credit report. The more common thing that happens is that another company will buy your debt at a lower price than you owe and they will pursue you to pay off.

Answer 5

They keep sending them, you still owe them money. It is just no longer on your credit report because after a certain number of years it must be removed, but the debt stays (various per State/Province/Country).

Also of note, if it is the ORIGINAL company, then yes you must pay them. If the company went bust and another company has taken over all debts...you should consult a lawyer to see your options.

Answer 6

They should stop requiring you to pay them, if the account appears as though it doesn't exist anymore. Call them and tell them that the matters have been corrected, and they should stop sending you bills.

Answer 7

the statement may have been removed from your credit report, but the debt still exists. also, watch out for the classic scam of "we've sold your account into collection", and then they continue to send you bills. if they have sold your account, then they have gotten what was owed them and can no longer collect from you.

Answer 8

Shouldn't you pay for goods or services you have received, regardless of whether they show up on your credit or not?

Answer 9

no