Charge offs on Credit report can they still sue?

[Anonymous]

If my credit companies charge off debt could they still sell it to a collections agency and collect???

How long before a credit card company sues you?

Do you know of any creditors that will sue? If so how long does it take for this to take place?

Thanks so much!

[Anonymous]

Yes, they can still sue. I am going through this right now. The original creditors charged off my credit cards back in 2004, sold the accounts in 2005, and I am now being sued by 2 out of 5. I believe the creditor can only sue you up to four years after the debt occured but this timeframe starts over any time the account is updated by you or sold to another company. I was told to not acknowledge the account or talk about it with the creditors to stop the account from being updated, but that got me nowhere since they sold it anyway.

If an account has been on your credit report for more than six years, you can dispute it and have it removed. They should give you the approximate date it will be removed right on the report for each account. Just a little tip to clean it up later! Good luck to you and me! lol.

[Anonymous]

Thanks for your feedback. I just hope they do not sure me in the next 6 months since I cannot file bk until Jan or Feb..... Good luck too

[Anonymous]

They can sue up to a given period of time, it is called the statute of limitations and it differs for each state. It takes them time to file for a court date and get a judgment, you might be able to make it six months. It also depends on the amount of money involved, they might move faster with higher balances.