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Question By
Slimpikinz23

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Is it legal for Verizon to sell the debt after 7 years. it should have dropped off report in april.
Verizon shows 4/08- 4/15. Then shows Verizon sold it at the end of April 2015 to debt collector.

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It is perfectly legal, the debt could be sold and transferred forever. It cannot come back to your credit reports though, no matter who owns the debt. If someone ever would place the debt back on your reports (it will most likely never happen) then you would dispute it as too old to report. Check the statute of limitations to be sued for a debt in your state, likely you are past that as well. If you are contacted by a debt collector over this debt, send them a cease and desist letter to stop them from harassing you. If a debt collector ever harasses you, they are violating the law and you can sue them. Long story short, don't worry about your original question because there is nothing to worry about.

Top Contributor
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1134 People Helped

I am sorry, I did not read the question correctly. If the account went into default prior to 04/08, then Yes it should be removed from your reports now if it is still on there. Dispute it as "too old to report" with any of the credit bureaus still reporting it.

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