We’re going through something like this with my parent’s estate. The attorney told us the SOL was 7 years … so the company you are dealing with now is within the time frame. Did you get something in writing that they were writing it off?Do you have a piece of paper that says they agreed to write of the debt? Assuming the answer is no, they NEVER made that agreement. There is NO limit on how long they can try to collect. There is a limit on how long they can SUE to collect the debt. Without knowing WHERE you are, we can’t say what the statute of limitations is.7 years after you last have contact with the company. Then after that they can no longer go after you. If they send you any letters…throw them away. If they call, hang up. If you respond to them in any way the time starts from that point. I have a debt from 15 years ago that keeps getting sold to collection companies. I receive 1 or 2 letters a year saying they will accept half payment or something like that. I just throw them away.

After 7 years I told all the credit reporting agencies to remove it from my credit file.Debt company is collections. dont worry about it.

It all depends on the collections, it averages 3-4 years of chase with the debt collector then they will threat you to go to court. Before that happens you can:

-Negotiate on a lower sum of payment (because they will)
-Pay a lawyer to file bankrupcy (roughly $500-$1500)
-Go to court and settle with collections

Good luck.

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