Creditaddict wrote:
I told my friend I would find out for him. We are in KY.
he had a Discover card in 2001, it's charged off and gone, not even on credit reports anymore.
he got a call tonight from collection agency saying they want to collect.
CAN THEY from 2001 for starters?
Can they report this to credit reports again? (like said not currently on there)
Kentucky SOL for open accounts, which generally includes CC, is 5 years. But for written contracts it is 15 years. Some try to sue under breach of contract which falls under written contract SOL.
There is no time limit on how long they can try to collect. They can keep trying to collect for years.
The only time limits is on the time they have to sue and win(SOL) and report to the CRA.
Does he have old reports that show DOLA/DOFD? If so, keep them as evidence. If they do place it back on his reports, he will have to dispute based on "FCRA Compliance Date". For them to put it back on they will have to legally re-age the account.
