Chex systems

[Anonymous]

Out of the blue I get a letter in the mail from some law office pressuring me to settle a CO from a business checking I had that closed near 10 years go, mentioning putting me in chexx systems ..... that's wayyyyyyy past the statute to collect it .... can they still put it in chexx after this much time ??? If so is it disputable ??
Thanks

[Anonymous]

What's the exact date this happened 10 yrs ago? and what is the date on the letter?

[Anonymous]

Many people believe that the fact that the SOL has passed legally prevents the owner of a debt from contacting the debtor and asking him to pay.  According to this SOL FAQ, that is not so.  It says:

Do I still owe a debt after the statute of limitations has passed?

The statute of limitations expiring doesn't erase the debt, it only limits the creditor's ability to use the court to force you to pay the debt. Only paying the debt, having it cancelled, or discharged in bankruptcy will erase the debt.

Can a collector contact me after the statute of limitations has passed?

The Fair Debt Collection Act sets the rules for when a debt collector can and cannot contact you. Debt collectors can still pursue you for a debt after the statute of limitations has passed. This may include sending letters, calling you, and listing the debt on your credit report if it's in the credit reporting time limit.

[Anonymous]

I wouldn't worry about the ChexSystems issue.  CS will not include in their visible report any event that occured 10 years ago.  (That's a different issue from the SOL.) 

Same for Early Warning Systems, which is a different CRA and is the main competitor to CS.