10-23-2012 01:42 PM
I have an old AMEX account that was opened in 4/1997 and went into collections a few years later (approximately 2001/2002).
I have not made "any" payments on this account in at least ten (10) years, however it still appears on my Credit Report as a "Bad Debt/Collection" and I noticed while reviewing my report today that it shows the "date of last activity" as 2/09, however I have not paid anything towards this account since before it went into collections ten (10) years ago.
Over the years I have been hounded by various collectors (some AMEX and some not) on this $1,375 debit but have never paid anyone or agreed to any of their offers. Recently, I also received some calls from a some lawyer (or at least that is what they said they were) requesting them I call them about an unpaid debt and I believe it is in reference to this debt as I had a similar call a few years back and when I called it was about this account, plus this is my only account in bad standing.
Shouldn't this account have come off my credit report by now or will it soon?
I thought bad debit came off your account 7+ years after your last payment activity on the account.
Any advise is GREATLY appreciated as this is the only bad account I have on my credit report right now and I really would like to get it removed.
10-23-2012 02:51 PM
it gets removed 7 to 7 1/2 years after the first 30 days late notation that lead to the charge off. If it's still reporting you can dispute this account as obsolete.
10-27-2012 10:19 PM
The collections can vary with your states SOL but if you have the cash to pay it off you can always inquire about there Optima oasis program
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