Should I settle on debt that is past SOL?

[hoping2rebuild]

I had a Victoria's Secert account that went into default in 1998

and has sense been removed from my credit file, However today

I recieved an "OFFER" in the mail from GFS/NCO to settle this debt

the SOL in my state is 3 and 5 years so it is also expired should I be

worried about them trying to relist this on my credit report?

They offered me a "pearl card" mastercard, anyone have expirence with this?

If I accept the offer which has alot of fine print wouldn't that reage the account and

have it relisted?

Edited to change message subject after I moved post over into a new thread. - sidewinder

Message Edited by sidewinder on 08-07-2008 12:17 PM

[Anonymous]

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hoping2rebuild wrote:

I had a Victoria's Secert account that went into default in 1998

and has sense been removed from my credit file, However today

I recieved an "OFFER" in the mail from GFS/NCO to settle this debt

the SOL in my state is 3 and 5 years so it is also expired should I be

worried about them trying to relist this on my credit report?

They offered me a "pearl card" mastercard, anyone have expirence with this?

If I accept the offer which has alot of fine print wouldn't that reage the account and

have it relisted?

Edited to change message subject after I moved post over into a new thread. - sidewinder

Message Edited by sidewinder on 08-07-2008 12:17 PM

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The original debt can never be listed on your report again. It is past CRTP and that will never change now.

If it is past SOL, you are not legally responsible for the debt.

If you are going to pay this, I would pay it in full and be done with it. I wouldn't accept any card a CA offered.