Posts Tagged ‘Collection Agency’

What happens if you don’t pay off a debt to a collection agency after so many years?

Sunday, April 11th, 2010

madamefloof asked: I have a $7,000 debt sitting on my credit report since 2003. It says it will come off in 2010. What does that mean? It hasn’t been updated by the collector since 2003 and I haven’t received notices about paying it since then. What happens after 2010 if I [...]

How long can a collection agency attempt to collect on a debt more than 10 years old?

Tuesday, July 7th, 2009

stef_leppard asked: This past summer, a collection agency contacted me in regards to an account with a department store that was paid off in 1993. They told me I still owe on it. I no longer live in the state where the debt was initiated, so which state’s statute of limitations do I use, the [...]


Home