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Posted in Paying Your Bills
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bluegrass31

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past balance due
I received a letter for an old cell phone account that stated due to the age of the delinquency they would not sue me for it not report it to any creditor what does that mean

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There are two different clocks when it comes to bills.  One clock is the Statute of Limitations.  That's how long they have the right to sue you, which differs in every state.  You can Google "statute of limitations" and find out what they are in your state.

The other clock is the credit reporting clock.  An account will fall off your credit report 7 & 1/2 years from the 1st date of delinquency.  So, if this account is so old it's not showing up on your credit report, or it's about to fall off, just blow these guys off and wait it out.  They've already told you that they can't sue you, so all they can do is try to scare you.  The debt might not even be yours!  Glad you asked, 'cause there are scums out there that create phony accounts and try to scare folks into paying them.

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