Legal Question in Credit and Debt Law in Texas

Collection of a Debt Already Removed off Credit Report

Six years ago I made a verbal agreement with a collection agency to pay in full a bad debt, originally $750. The agency even removed a percentage of the bad debt so that I could pay it off $200. I have copies of the cleared checks from the bank. I do not recall if I ever received a statement saying the debt was paid in full. I still receive calls that I never paid the debt in full, the difference that was graciously removed $200 now $300+ because of interest. On my credit report in Nov 05, the debt was officially removed off my credit report. Can this new agency collect still?


Asked on 9/06/06, 11:55 am

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Collection of a Debt Already Removed off Credit Report

They can attempt to, by calling or writing letters. The statute of limitations for filing suit on a debt is 4 years. The debt may be reported on your credit report for seven years from the date of last activity. So, there should be no legal consequences for you from any attempt by them to try to collect the debt. And you can always write a letter telling them to cease and desist from all communications with you.

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Answered on 9/06/06, 12:01 pm


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