MEL143 Posted January 15, 2008 Report Share Posted January 15, 2008 Hello,I have an old debt that my exhusband ran up with Verizon wireless.They have not sold it to any collection agency. In May will be the 7th year so it should be deleted per statute of limititions.However I have a couple of questions.If I decide not to pay it and let it delete it self can they put it back on my credit report later and/or sell it to a collection agency so it goes on for another 7 years? Or on the other hand lets say I decide to pay it -since its new activity will it be on there for another 7 years from the day that I pay them? Please helpSo confused:confused: Link to comment Share on other sites More sharing options...
MEL143 Posted January 16, 2008 Author Report Share Posted January 16, 2008 I morally want to make the right decision by paying them but Im worried that it will restart that 7 year mark. On my credit report it says charged off but its still with Verizon so if I do pay them will it still delete in this year? Link to comment Share on other sites More sharing options...
reno2360 Posted January 16, 2008 Report Share Posted January 16, 2008 The SOL for being reported by a CRA cannot be started over again. Once the seven years is up, it's over no matter what. You can start the SOL for collection again perhaps by making a payment but not for reporting it on your credit report. They are two different things. Link to comment Share on other sites More sharing options...
Recommended Posts