Comments on: If i contact a credit bureau about an old debt, will it reset the statute of limitations on that debt?

By: Ted

Ted — Tue, 01 Dec 2009 14:56:42 +0000

The statute of limitations is a limit on the time to file a lawsuit measured from the payment period that the account went into default. Contacting the credit bureau won’t change this.

If you contact the lender and acknowledge the debt it can reset the credit bureau seven year reporting period.

By: CatDad

CatDad — Mon, 30 Nov 2009 12:19:17 +0000

There is only one 7 year period for reporting bad debts…this never can be reset.

By: Judy

Judy — Sat, 28 Nov 2009 18:20:51 +0000

Do not contact the collection agency.
This will reset the statute of limitations if you admit its yours.
Do not contact your credit bureaus unless what you are trying to do is hand them your new address in a silver platter.

If you ever get any phone calls, never admit the bill is yours, or that you live there.
Learn how to answer the phone so when they has is “so and so there”, you say “who is calling please”.
If a company asks for you, you have every right to ask what company is calling, and then say you have reached the wrong number.

After the full 7 years (or less in some states), the item will be removed from your credit report.
Google Statute of Limitations and your state name.
Remember: If you have difficulty finding a job, it’s because employers check reports, so if the debt is small – pay it.
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By: john n

john n — Wed, 25 Nov 2009 18:19:47 +0000

I believe that contacting a credit bureau will reset the statute of limitations for the collection of that debt. At the very least contacting the credit bureau will spark new interest in your file and they will probably re-open your file.
Standard procedure in the collections field would have the agent try to get information about your whereabouts from you.

By: sassy25

sassy25 — Tue, 24 Nov 2009 15:58:45 +0000

Yes and Yes