Comments on: Does the credit card debt restart if a different agencies send letters about your debt even after 6 years?

By: StephenWeinstein

StephenWeinstein — Fri, 12 Mar 2010 11:29:59 +0000

First, six years is wrong. On credit reports, unpaid credit card debt lasts for seven years. The statute of limitations, which pertains to someone filing a lawsuit against you, not to your credit report, is usually less, but varies by state. Second, the time periods are not supposed to restart. It sometimes happens anyway. After 7 years, check your credit report and dispute anything over 7 years old.
References :

By: SPIFIMAN1

SPIFIMAN1 — Fri, 12 Mar 2010 11:19:59 +0000

I’m not sure if you are asking about the reporting time line or the statute of limitations so I will address both.

Derogatory accounts show on your credit report for 7-years from the date of first delinquency. It is illegal to re-age debts.

The statute of limitations however can be restarted if you pay on a old debt or in some States be even admitting that the debt is yours.
References :
Finance Manager for over 7-years.