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sar2292

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WAS on credit report but not anymore??
Fiance had a broken lease from 4 years ago. It was sent to a collection agency and soon showed up on his credit report. Recently though after checking the credit report again it is no longer there? even weirder this collection agency hasn't been agressive with contacting or demanding the money but when he calls them to verify the balance they still go along with it like it's still valid. Sent just sent out a debt validation letter but it's not on the credit report so do we really need to worry about it anymore???

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If it is not on your credit report, I would not concern myself with that.  The concern if if you are still within the statute of limations, they are still free to sell off the debt, perhaps to a more agressive agency and/or take the matter to court to collect the amount.   Nothing more surprising but to find out that 50% or more of your paycheck disappears or they attach your bank account.    I would think that if it is within the statute of limiations, that you work with this lackadaisal collection firm so that you can make payments on your terms to reduce the amount.  Although, be aware, that if you make payments, you can reset the dates, although not the initial date of the debt itself.

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