I have an old Cap One account that is owed $705, DoFD 7/2014 that Portfolio Recovery has been reporting on my credit for a couple years now. They try to call all the time and I just ignore them (wild out of state numbers that I would never call) and they never leave a message so it’s pretty easy to ignore. They’re collection efforts seem legit enough based on the data on my report and bills mailed, including account number, original creditor, balance owed etc. HOWEVER, the state I live in has a 6 year SOL for everything. Yet on their statements, there is the statement they are required to put on accounts they don’t intend to sue for. “The law limits how long you can be sued in a debt. Because of the age of your debt, we will not sue you for it. Depending on the laws of your state, certain actions, such as making a payment or promising to pay the debt, may restart the time period for the filing of a lawsuit against you; but even if that were the case, we still will not sue you on this debt.”
My question is purely WHY NOT? Of course I don’t want to be sued, but why wouldn’t they if it hasn’t blown the SOL yet? Anyone have any ideas on how I should proceed with this? I want it off my credit and know that simply paying it will only show that it’s paid as I know from others posts they won’t do PFD.
