Claim From Broken Apartment Lease
My question involves collection proceedings in the State of: Michigan
I broke an apt lease in 2004 (not my proudest moment) and since then I have had maybe 3 collections letter over the past 5 years. I owe about $3500 which I cant figure out how they got that amount but really I dont ever plan to pay so I guess its not that important. Its been reported to the credit agencies and comes up on my credit report, which does bother me because its a large amount and weighs down my score.
There was never an eviction proceeding or anything.
There is no judgement against me in any court. I have verified this with the courts.
The apartment complex has since been sold to new owners.
Is this still a valid debt? (legally not morally)
When is the statute of limitations up?
Thanks for any info anyone can provide.
Re: Claim From Broken Apartment Lease
Michigan's statute of limitations on contracts is six years from the date of breach. Most entries drop off a credit report after seven years.
Re: Claim From Broken Apartment Lease
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Quoting
Mr. Knowitall
Michigan's statute of limitations on contracts is six years from the date of breach. Most entries drop off a credit report after seven years.
Thanks for the info.
Is this debt still collectable even if it was written off in sale of the property to a new owner?
Is the breach date the actual date the apartment was vacated or when it was turned over to the collection agency? I am curious about the date on my credit report they are putting on there. Its changed twice in the years and I have never answered their attepts to collect much less made ANY sort of payment.
Re: Claim From Broken Apartment Lease
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Is this debt still collectable even if it was written off in sale of the property to a new owner?
absolutely
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Is the breach date the actual date the apartment was vacated or when it was turned over to the collection agency?
it would be whenever you caused the debt to become due. A collection agency cannot alter the date that the debt is to be removed from your CR.
do not mistake a date they purchased the debt and as such, began reporting as owners of the debt as the original date of indebtedness. What you are seeing may simply be the date they purchased the debt. The total time the debt can be reported is still 7 1/2 years from the original date. If it is still being reported after that date, notify the CRA.