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Answered 2015-07-16 18:31:06

I don't know what state you reside in, or how the debt is classified However, it seems possible that the SOL has expired. Write the company and ask for a confirmation of the debt. Don't do anything until you receive it, and check the SOL in state pertaining to the type of debt you have.

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Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).


They can send you a letter, but they cannot sue you.


It will show on your credit report where your bank loan was "Charged Off". This means the bank wrote off the money and gave up on collecting it. However they can sell that debt to a collection agency to try and collect it. It will show on your credit report for 7 years.


There is no time limit placed on their collection efforts to collect a debt. However, there is a SOL for legal recourse and for how long it can report on your credit reports. Reporting time is 7 years and so far as the SOL for legal recourse you would have to check your state laws to see how long.


Well after 6 years of not paying a dime to household bank the account has been charged off and the collection company is sueing me.


they get turned in to a collection agency and if they cannot collcet a lawfirm will try to collect if they cannot collect you will be served


Before communicating any more with the collection agency, check with the insurance company to see what happened in that case, and/or with the original company they claim you owe. Most companies would have charged off the bill by now, and you owe nothing. The collection agency may have bought the deal for cents on the dollar and the money they collect doesn't go to the original vendor. It won't do you any good to pay this collection agency, since it starts up the payments again. If they continue to threaten, you have rights. Tell them to send you a bill in writing and to stop calling.


That statute of limitations for collection of a default judgement in Colorado is six years. Any person trying to collect after that limit is in violation of the Fair Debt Collection Practices Act.


In the state of Ohio, collectors can legally collect your debt for up to ten years. The collection process can range from telephone calls to wage garnishment.


If the debt has not been paid on in more than seven years than no. Otherwise yes.


Possibly, depends on the laws in your state.


In Texas, they take you to court on a judgment in order to collect. Statutes of limitations on debt collection in Texas is four years. Debtors cannot garnish any wages.


Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.


There is no time limit. They may "have" the account forever, but they may only collect on it for seven years from the date of last payment or ten years in the event of a judgment.


Nope: 6 years is the max, according to this:http://www.bcsalliance.com/y_debt_sol.html


Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.


Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.


Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.


This will depend on the statute of limitations in your state but there are also other factors that will determine whether or not they can as well. The statute of limitations for your state is dependent on when the last time you made a payment or used the card. So, if you made a payment two years ago on the debt but it's been fourteen years since the last item was charged on your card you only have two years towards the statute of limitations not fourteen. Often, credit card company collection agencies will tell you that they will sue you even if the debt has passed the statute of limitations in order to try to collect on outdated debt. After the statute has passed the company has no legal right to collect it. Additionally, in most cases if the debt is more than 10 years old since the last payment had been made, it is not allowed to be on your credit report. Interestingly, if your states statute of limitations is five years, it can still be posted to your credit report until the 10 years has fully elapsed.


Credit cards are considered Open Ended accounts. In Virginia, they have three years to collect or bring suit.


The ones that every one else is looking for! The 1933 Double Eagle. Coins have been minted for 2500+ years and value is the "eye of the beholder" if u r a collector collect what you enjoy this is the most valuable coin to collect. One coin can be a collection.


It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.


Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.


Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Delaware it is 4 years. That would be from the last use or payment.


If the bill is unpaid, a collection agency can attempt to collect forever if they choose to. Nothing illegal about it.



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