Aug

11

Can a collection agency continue to report an unpaid debt after 7 years?

Filed Under Collection Agency 

Diamond asked:


I know that unpaid debt remain on your credit report for 7 years. My question is after the 7 years can if a NEW collection buys the debt during this 7 year period can the new agency still report that same unpaid debt after the 7 years?

For example: if I owe captial one $300 and they sold it to Collection Agency A, Collection Agency A sells it to Collection Agency B which is now the 7 year period but Collection Agency B sells the account to Collection Agency C-can Collection Agency C still report the upaid debt during this 7year period?

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Comments

3 Responses to “Can a collection agency continue to report an unpaid debt after 7 years?”

  1. Slimick on August 14th, 2009 9:52 pm

    No….there is only ONE seven year cycle…this cannot be re-started under any circumstances…regardless of how many collection agencies the debt passes through. Some collection agencies ignore the laws though. If they do, you can dispute it through the credit bureaus and state that they have illegally “re-aged” the debt.

  2. crazyjester9 on August 18th, 2009 5:32 am

    Slimick is right on the money again.

  3. Studly on August 21st, 2009 10:13 am

    This is a very common problem. And it is totally illegal.

    Fortunately, there is a very simple way to get this fixed. Follow the dispute/validation route, and if it’s not removed within 30 days you can file a very simple small claims lawsuit against them for $1000. You will win easily.

    I’ve shown dozens of people how to do this….there is great info at and look through their free information.

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