An account I had went to collections in 2001. The original creditor sold the account to Credigy Receivables. The new company filed suit against me and I replied as required, I have not heard anything else. I check my credit report today and find that they have updated my file with a ridiculous amount owed, way more than original debt. I also see that date of last payment (made to the original creditor) was in April 2001. This information is on my credit report. The statue of limitations in Texas is 4 years. How is this company able to continue updating my credit report with a high balance owed? How are they able to file suit against me if the statue of limitations has expired? I have contacted the credit reporting bureaus and a note has been put on my report that I have disputed the account information. I just don't understand how they are able to make this account look like it is current. Any information regarding this is appreciated.

