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Lovetofish2017

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Question about statue of limitations
I have 2 items in collections and they have said to me they are outside the statue of limitations. What does that mean ? Should I not worry about paying these ?

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The "statute of limitations" is the time frame that a company is allowed to sue you for the debt. Since it is expired, they could not win a case against you in court (providing that you would show up to court and use the SOL as your defense, if you wouldn't show you would lose). Whether or not you should pay these is up to you. Yes you are legally off the hook, however if they will be reported on your credit reports for some time to come you might consider reading about "pay for delete agreements". Also do some reading on the FDCPA if you are dealing with debt collectors.

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Lovetofish2017

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I asked for something in writing, and they stated by law they can't provide anything to me. It has been almost 4 years since it was reported. Does that mean it will fall off my credit in another few years ?

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You do not need anything in writing. Look up the "statute of limitations" in your state to be sued for this type of debt. The law is already written. The credit reporting time period of 7 years is something different of the "sol". The seven years starts from the DOFD (date of first delinquency on the original account), basically you can figure the DOFD date to be one month after you made your last payment on the original account. If in doubt, you can always contact the credit bureaus and ask when an account is due to be removed from your reports. Make sure you do a lot of reading on all of this as sometimes you can find ways to get rid of these accounts.

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