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  1. #1
    Join Date
    Sep 2006
    Posts
    4

    Default Can Old Debts Reappear on Your Credit Report

    Hello, first I would like to say in adavance that I appreciate any input or answers that I receive in response to my inquiry.

    I'll make it brief:

    I'm in Texas. Had several credit cards go into charge off status in approximately 2000 and 2001. As of June 2009, my credit reports reflected an average score of 590.

    Recently, I've received a few collection letters (as recently as a few weeks ago). Curious to see where my score stands now, I purchased the service which gives you access to all three bureau reports. I was shocked to find that my average score is now 744 and all of the bad debts (charge offs) are no longer reflected on my report.

    Here's where I need some clarification:

    I seem to believe that it's possible for the bad debt to fall off of the report after 10 years or so, but that collection agencies can continue to attempt to collect the debt. Do I have this correct? Would this explain the letter attempting to collect, even though the item has expired from my reports?

    Next, if the agencies continue to attempt to collect, or sell the account to another agency, can this cause something to re-appear on my credit reports? I've tried to research this as thoroughly as possible on my own and I believe, from what I've found, that once the debt has expired from the report, it can no longer be re-added unless it's the outcome of a judgement, lien, etc., as a result of going to court.


    I suppose the easiest way of asking my question is, now that the negative items have fallen off of my report, is there any way that they can re-appear (assuming there is no judgment, etc,. that is pursued)?

    I'm just wondering if I can finally put all of this behind me and focus on maintaining my good-standing credit that I currently have. I was young and stupid when I messed up my credit by allowing a co-signer to make purchases across four different cards without ever paying me a dime for any of it. Stupid, stupid....NEVER again. I've had to pay for this mistake via extremely high interest rates on my car loans (19%, 21%) and credit card (31%). To say the least, I've definitely learned my lesson and will not repeat past mistakes.

    Again, any insight you might provide would be most appreciated.

  2. #2
    Join Date
    Mar 2009
    Location
    Key West, FL
    Posts
    2,350

    Default Re: Can Old Debts Reappear on Your Credit Report

    Any credit card debts should be off your credit report after 7 years.

    That is also the maximum statute of limitations in all states.

    No collection agency can legally force you to pay those debts.

    Trying to be a nice guy and paying on them is the worst thing you can do.

    That can reset the SOL and put them back on your credit reports.

    Have no communication other then to tell them that the SOL is up and to cease and desist all communications with you.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Can Old Debts Reappear on Your Credit Report

    An expired debt should not appear on your credit report; some collection agencies attempt to improperly "re-age" debts - if a collection agency is using a fake date to add an expired debt back to your credit report, dispute the entry with the CRA and consider also making a report to the FTC and to the agency in your state that oversees the conduct of collection agencies. You may also be able to pursue a claim against the company that improperly listed the expired debt under the Fair Debt Collections Practices Act.

    Note that if you make payments on a debt, in most states that will renew the debt and again permit it to be listed.

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