You have two unrelated concerns. ONe is credit reporting and the other is potential legal action.
As for credit reporting, it looks like you will have a long wait for any CR deletions.
Your CR shows monthly derogs for each month from 7/2008 - 1/2009, which will each begin to drop separately from your CR from 7/2015 - 1/2016.
I would also presume that you were 30-days late in 6/2008, and will also presume that is the DOFD on the OC account.
The OC has done a charge-off. That charge-off will remain for up to 7 1/2 years from the DOFD on the OC account, which would presumably be until after 12/2015.
If a CA is additionally posted to your CR, it would have the same 12/2015 drop off date as the charge off.
If a CA has not yet posted, I see nothing to prevent it.
So you may be waiting for up to 10 derogs to fall from your CR, with none falling until after 7/2015.
As for the threat of possible legal action, the debt admittedly remains unpaid. It appears that the OC sold the debt to a debt collector. But regardless, whoever now owns the debt can bring legal action to secure its collection. If they do bring legal action, you must defend yourself in court. One affirmative defense is to prove to the court that the statute of limitations (SOL) for the debt has expired. That burden is yours to show. That requries that you know the statute of limitations for installment debt in your state. Are you familiar with yur state SOL statute as it relates to unpaid debt?
The debt is not small, which substantially raises the chances of legal action. I dont think just waiting for credit report deletion would be a prudent risk.
