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Old AMEX Account (Bad Debit / Collections) - - - - Question/Advice Needed!!!

Valued Member

Old AMEX Account (Bad Debit / Collections) - - - - Question/Advice Needed!!!

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. 

 

Thank you!

EQ 637 / EX 576 / TU 600
3 REPLIES
Established Contributor

Re: Old AMEX Account (Bad Debit / Collections) - - - - Question/Advice Needed!!!

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.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Member

Re: Old AMEX Account (Bad Debit / Collections) - - - - Question/Advice Needed!!!

Thank you for your answer! Smiley Happy How can I dispute it and to who the credit reporter?

EQ 637 / EX 576 / TU 600
Valued Contributor

Re: Old AMEX Account (Bad Debit / Collections) - - - - Question/Advice Needed!!!

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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