Old fcnb account - new collections agency
Hello
I have a similar problem to the woman who is trying to buy a house. My spiegal/FCNB account is old, last activity 2/99, it only appears on my experian report. (fcnb went out of business in 2003) it says that it will be on there until 2009. But I thought it should be 7 years. I live in Illinois How do I find out?
I haven't been contacted since 2005 by a collection agency.
Then two days ago I get a vague letter that says this new agency bought the debt tacked on 400 dollars. Do I ask them to validate the debt? I am in the process of credit repair and was going to send a letter to the CRA saying that the FCNB/Spiegal debt is too old, take off, will asking the new collection agency to validate cause them to add the debt to transunion and equifax?
Confused in Illinois.