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SHREDSTER

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try for a pfd for a collection thats outside of the statuate of limitation? or leave to lexington?
I HAVE A COLLECTION ON MY REPORT THAT IS JUST UNDER $300 AND IT IS FROM MAY 2008 WHICH IS OUTSIDE OF THE STATUATE OF LIMITATIONS FOR CALI THAT I WOULD LIKE TO HAVE REMOVED. WOULD THERE BE ANY NEGATIVE CONSEQUENCES TO CONTACTING THE COLLECTION AGENCY AND ASKING FOR A PAY FOR DELETE.. WOULD CONTACTING THEM RE-AGE THE DEBT AND START THE STATUATE OF LIMITATIONS OVER... OR SHOULD I JUST LEAVE THE DEBT ALONE AND LET LEXINGTON TRY TO REMOVE IT?

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Contacting them does not re-age the debt. But if and when you do, be sure to tell them you are not agreeing that the debt is yours, but you just want to know how to get rid of it.  If you make any payments, that re-ages the account.  If they don't agree IN WRITING to delete the account from your credit report after you pay them off, (all 3 bureaus) then they can continue to report the account for 7 & 1/2 years from the date you paid it off, so be careful.   If you're willing to wait, it sounds as though it should fall off your credit report in May 2015.  To learn more, visit www.credit.about.com and read about paying debt on the top tab.  Best of luck!

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