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Lovekyleo32

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What happens when you start paying on removed accounts?

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If accounts were removed from your credit reports due to the passage of time (7 years from the date of last payment) you do not want toi startpaying on them since you would not be improving your credit and would actually be throwing money away.  I suggest reading the articles on this site so ytou can learn more about credit and how to build a good credit score.

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If the account is no longer on your credit report please do not pay it. I dont know much about your  situation but it seems that if it is no longer visible then it is a very old account. This is my opinion.

Top Contributor
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If its no longer on your report

Then you no longer owe the money.  The lender has "writen off" the account and taken the tax credit for it.  Legally they can not collect that money any more. 

Trying to pay off these old debt will do nothing to help your credit. 

Good luck 

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Reply by
JohnnyRain127

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"If it's no longer on your report, then you no longer owe the money..."

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That's too presumptive and very broad statement to make. To my knowledge, there are at least 10 States have longer Statute Of Limitations than 7 1/2 year reportable date, and three of those States have SOL upto 15 years (KY, OH, WV), besides it can be removed by variety of reasons other than the reportable date. If the lender/creditor had written the debt off and no longer wish to pursuing it? Then they would need to issue a 1099 to the debtor, and that account would've remain on one's report, it isn't a ground for removal. Although it's correct, one no longer legally liable for the debt once it's passed SOL, but it doesn't mean one don't still owes the debt and nor barring from being contacted by debt collectors.

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