Bad Items Dropping off

[Anonymous]

Hi everyone--

I was looking at my credit report a few days ago and I noticed that there is a date listed that some of my "adverse" accounts will drop off (two were 2012 and the others were sooner than that).  Some of these were accounts that I had already made arrangements to pay off.  However, the largest debts I have not begun to even consider paying off (probably around $10,000). 

Anyway, my question is, once these items drop off, will I ever be called upon to pay these debts off?  I know that if I contact any of these companies, that they can "re-age" the accounts and they will be on my report longer than the 7 years but as long as I don't contact them, then will they eventually just "go away?"

Thanks!

[llecs]

You'll find those drop off dates on your TU and EX reports if pulled directly from the CRA. That date is 7 yrs after DOFD. There are two different issues at play: SOL and CRTP. CRTP is easy as you can see when it will fall off, but your state has a SOL for that debt-type. Even if it falls off your CR, you could still be legally liable for the debt. Some states also will allow the SOL to restart if a payment was made. YMMV.

Assuming both SOL and CRTP has expired, and it has dropped off your CRs, they can still try to collect. Only a rare few try to "re-age" it. That's done by changing the DOFD date thereby extending the reporting period and the SOL. Always keep great records and pull your CRs from each CRA every 3-6 months and save those reports. I have one debt that I paid long ago, but there was added fees by a CA that I refused to pay. This was 9 years ago. To this day, the CA is still trying to collect and the $300 worth of fees balooned to $1400. It isn't reporting and is over a decade past SOL. Some here opt to send letters in cases like this; I like to ignore them.

BTW, welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

and What Steps Do I Take - great for learning the repair process.