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How can a collection agency go after you for an account that hasn't been active for 5-7+ years???
I have a few accounts that recently I've received notices from collection agencies for. One account is a credit card I opened when I was 18...almost 10 years ago! I haven't touched the account in that long. How can a collection agency re open the account and go after me for it? Shouldn't it have fallen off my credit report by now? Now they are adding all these late fees, interest, etc when I haven't used the account in almost 10 years. I just received another notice today from a collection agency going after me for another account from 2006 but they won't tell me what it's for. Aren't there rules about them doing this kind of thing?
Asked by
amburgerbuns
1 year ago
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Different states have different statute of limitations regarding this. Usually 4-10 years. And no, they can't legally collect after these times have ran their course. However, keep in mind.... the times start from the last payment or "agreed to pay" that you made to the company. So if you sent a payment or agreed to pay them at all in the last few years, that acutally restarts the clock. http://www.cardreport.com/laws/statute-of-limitations.html
dicesha 1 year ago
do not pay anything right now and yes they have to tell you who is the first bill from..and if you have the information from them by their companys name , then i would remind them that of course it depand on where you live but the sol in there and go away, and if they do not them you can file a lawsuit against them,
lostcause 1 year ago