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Posted in Paying Your Bills
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Question By
IrishJoe22

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Collection and credit
My wife recently received a collection that would have been from an account over 7 years old. It is for a cable company that we thought was paid when we moved to another state. The company we have not used in seven years and the collection agency is threatening with credit reporting. We have no way of proving we made the payment as we don't have that checking account anymore, and we can't prove that we ever received a bill for it. In 7 years the cable company never attempted to contact us and the phone number has stayed the same. They are claiming they updated systems and that it must have been caught during the transition. Is there anything that can be done and can the collection agency report my wife? Thank you!

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Top Contributor
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Last Ditch Effort

if the account is indeed 7 years old, then I beieve its a last ditch effort to try and collect an account that is about to "Age Out" of the system. 

If it IS NOT on her credit report yet, but they have contacted you, DO NOT respond. If you do it will reset the clock so to speak so that they will have another 7 years (From Date of last Contact) to try and collect. Chances are that they will go away because the age of the account will not let them legally try to collect any longer. 

If it IS on her report, then contest it by writing a "Validation Letter" Google it for a template and more info on how they work.  This way the Credit Bureau will contact them to verify the legality of the account.  This way YOU DO NOT reset the Collections Clock and will force them to prove the account is yours and that they actually have a legal right to collect. if they can't it will be removed from her report. 

Hope this helps 

Good Luck 

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Reply by
EddyTX

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I forgot to mention, often these old accounts are bundled up and sold off to a collection agency just before they become uncollectable. Thats probably why your getting a notification now and did not get one earlier.  

Utilities seldom try to collect on old accounts like these (small amount, You moved away) past sending out the bill to the original address.  It just isn't cost effective for them to try to collect or spend the time contacting you or finding a new address. 

They use them as an asset to be sold off for cash after they have taken the tax credit for the loss. 

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