Does the credit card debt restart if a different agencies send letters about your debt even after 6 years?
XCALIBUR asked:
I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?
I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?
Tags: 6 Years, Credit Card Debt, Credit Debt
January 25th, 2010 at 1:10 pm
it drops off your report seven years AFTER the last payment
buddhibbs.com
most likely past the Statute of Limitations to collect.
January 26th, 2010 at 8:30 pm
No.
If you are unsure, monitor your credit report to make sure that they collection agencies do no try to ‘reage’ the account.
If they sell the debt to another collector, it does not reage the account. They can try, but this is pretty much a guarateed win in small claims court.
Your debt will disappear off of your credit history after 7 years from your last activity (e.g. payment.)
As the previous person mentioned, everything you need to know is at creditinfocenter, and it’s free!
January 26th, 2010 at 8:47 pm
it will not drop off until after seven years!!!
January 28th, 2010 at 9:31 am
As stated after 7 years it comes off but they can still call you until the end of time. If you make a payment however, the SOL starts all over again.
January 29th, 2010 at 2:14 am
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