Yes, you do.
If you owe someone money, the time since you began owing it is irrelevant. If anything, they may top the debt up with late fees and interests. Your best advice is to pay them now, provided the debt is legal and not already paid or otherwise dealt with.
Generaly no. The laws differ in various states according to the statute of limitations. In California the limit is four years for a written contract (auto loan, credit card, medical bill, etc), and generally one or two years for a verbal contract. The collecting party cannot belemish your credit with any debt older than seven years in any state.
No you do not. Even the I.R.S. has to back off after 7 years. As long as no court charges are pending which can reset the time limit which had to filed within the 7 years. Double check with your states Attorney Generals office for any conflicting state laws.
I am trying to find the same information. Was it Portfolio Recovery Associates? Funny that I was just contacted by that 'collection agency' for a supposed 9 year old AEP bill for the magic number $344. I know I don't owe it, just trying to find info on how to deal with this fraud debt agency. Sounds like a scam to me.
Only he himself can answer this question for you - try talking with him, maybe he just got nostalgic and was wondering how your doing and your life is going.
i have had an "outstanding bill of 20 dollars or so for a couple months now and they haven't don't anything, granted i can't download anything from that account but one can just make another one
no
just call her name and she'll come
Just outstanding. We are great!!
No. Just outstanding, delicious food.
The credit bureaus do not care about utilities. I have never known a utility bill to appear on a credit report from the big three. It's the unsecured and larger debts (mortgage and car) they tend to be interested in. The theory is that the utility just shuts off your power. No problem. I moved out of my apartment in 1993 and unknowingly left a 123.00 phone bill. Last year, SBC took over Ameritech and they said they had new "collection procedures" and contacted me at my house. This is 12 years later. It was actually a collection agency that contacted me. When I checked my credit report a few months ago, it was listed as a collection and there was several collection "marks" listed for the last few months, so it does occasionally get placed on credit report. I paid it the 1st day they called my home by the way and it was still reported as a collection and that they were "unable to locate" me.
No. According to the Federal Reserve, the average lifespan for a $50 bill is just under four years.