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Jeff1011

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I have a 6 year old charged off credit card debt what do i do
When does the 7 years begin on bad debt? Should i just let this debt expire? Do i contact them to make sure this happens or will that "re-age" the debt?

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best thing is to just wait for it to drop off. if you contact them or make any agreement it will re start that 7 year cycle. it usually drops off 7 years from when it orignally first charged off. i have a few of my own and i dont touch them i just wait for them to expire. yours id very close to comeing off.

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I would NOT contact the collection agency at this point. Do some reading on EARLY EXCLUSION. Transunion will sometimes remove negative items six months prior to the seven year mark and Equifax and Experian will sometimes remove two or three months prior to the seven year mark. You contact the credit bureaus for the early exclusion. Do some reading on it first. And just and FYI, nothing can restart the seven year reporting time, if the company tried to do that they would be violating the law. The seven years starts at the DOFD date. "date of first delinquency". The DOFD date is usually one month after you made your last payment on the original account.

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Forgot to add, you can restart the "Statute of Limitations" for being sued, but not the seven year reporting time.

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