Can a collection agency continue reporting a collection account past the SOL?

[dflats]

Hello all. Thanks for the valuable advice.

While I realize a debt/collection account can remain on your credit report for 7 years from the date of default, I am unclear if a collection agency can continue reporting a collection account on a credit report if that debt is past the Statute of Limitations.

I have a collection agency that continues to report a collection account to the credit bureaus on a monthly basis, even though the debt is well past SOL in Texas. Seems to me this continual reporting makes it seem as though the debt is legally enforceable, though it is not.

Thanks for the assistance.

[bigjohnstud4200]

Hello all. Thanks for the valuable advice.

While I realize a debt/collection account can remain on your credit report for 7 years from the date of default, I am unclear if a collection agency can continue reporting a collection account on a credit report if that debt is past the Statute of Limitations.

I have a collection agency that continues to report a collection account to the credit bureaus on a monthly basis, even though the debt is well past SOL in Texas. Seems to me this continual reporting makes it seem as though the debt is legally enforceable, though it is not.

Thanks for the assistance.

The can, unless you live in a state with a statute of repose (i believe). I bet you it's LVNV Funding, right? Also, it sounds like they are reporting it as an installment account rather than a collection which could be a violation.

[kevin3344]

I have a collection agency that continues to report a collection account to the credit bureaus on a monthly basis, even though the debt is well past SOL in Texas.

Sometimes you'll see "Collection as of January, February, March" or something like that, even though nothing changed. I'm not sure why the CRAs allow this when there are really no updates to the CO but they do. A CA can report for 7 years regardless of the SOL in your individual state. SOL only gives you a defense if someone were to sue you, it has nothing to do with the reporting period under the FCRA.