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NYS 5 Year Rept Paid Dept


infomatic
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Hi All;

I have 2 baddies

1. Unpaid Verizon (landline) that I would pay for delete

2. Paid CC

Both are more then 5 years on the report

NYS Law states paid collections are only to report for 5 years. Should I pay the verizon? Will it be removed Once paid?

Here is the law ...

GBS - General Business

Article 25

380-J

3.f.1.iv

(iv) accounts placed for collection or charged to profit and loss

which antedate the report by more than seven years; or accounts placed

for collection or charged to profit and loss, which have been paid and

which antedate the report by more than five years;

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  • 2 weeks later...

I didt do anything and tranuion Remove the paid collection just after I posted here (wondering if they are watching :roll:)

I am thinking of waiting for the verizon (in June) to become 5 years then either making a deal with them or paying in full hoping it will be removed.

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