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alicefive

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Sol and how long collection account can stay on your credit
I love in Michigan. I read the SOL is 6 years. So,does that mean the agencies can't try to legally collect after 6 years? But the negative information still remains on your credit report for 7 years and 180 days?

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When the debt is beyond the SOL, it means debt owner can no longer sue you for that debt, so they don't have abilities to garnishes your wages, put a lien on your property and or freeze your bank account. The debt owner can still try to collect it, as long as it's done with-in the guidelines of collection laws, however, at that point, to pay it or not, it's entirely up to you. The reportable date for collection is 7 years plus 180 days from Date Of First Delinquency. The debt itself isn't discharged just because it's beyond the SOL or the reportable date has expired.

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