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IWNL

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Are collections seperate from the debt listing on the credit report?
I have a six year old debt due to fall off my credit report next year. A few months ago the original creditor either sold or outsourced the debt to a collection agency, which placed it on my credit report as in collections. Next year when the debt reaches seven years, do both the original listing of the debt and the collections account fall off my report? It seems odd that they waited six years to send this to collections.

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Top Contributor
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Yes, both will fall off of your reports at the 7 year mark. Why they waited 6 years to send it to a collection company I do not know. Don't forget that the credit bureaus will usually do "Early Exclusions" on negative accounts prior to the 7 year mark. Transunion will usually delete negative items six months prior to the 7 year mark and Experian and Equifax will sometimes delete three months prior to the seven year mark. Do some googling and research on "Early Exclusion". Also find out what the Statute of Limitations to be sued for debt is in your state. If your debt is within the SOL then the collection company could still use the court system to sue you for the debt. If the debt is outside of the SOL, then if the collector still comes after you even after the account falls off of your report you can send them a "cease & desist letter" telling them to no longer contact you for the debt. The statute of limitations is usually shorter than the 7 year credit reporting time period in most states with the exception of just a couple. Also do some reading on FDCPA (fair debt collection practices act) so you know if this collector is violating the law in any way when they attempt to collect this debt.

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