Ask Experts Questions for FREE Help !
Ask
    sfrink's Avatar
    sfrink Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 18, 2007, 08:49 AM
    Can a credit card 22 years old be collected upon?
    HI,



    I'm new to this site. I was contacted by mail about a balance owed
    On an old learner's account from 22 years ago which was 400 now with interest is 1200.
    The store I opened the account with closed and never sent me anything, I have never
    Seen this on my credit report... now a collection company that just bought the debt is
    Trying to collect... can they?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 18, 2007, 08:52 AM
    They can try. A debt is an obligation that never goes away until its satisfied. But they can't sue you, all they can do is dun you for what is owed,
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Credit card debt gone after 7 years? [ 7 Answers ]

Let's say that someone owe's a lot of money to credit card companies and decides to stop making any payments on the debts for 7 years. After 7 years is the debt forgiven, the credit report wiped clean of the debt, some combination of these two, or none of the above?

Which Is Better Debit Card Or Credit Card? [ 20 Answers ]

Which Is Better Debit Card Or Credit Card? We increase our Debts like any thing when we have Credit Card because we spend /buy the goods with free hand / shopping habits, in this case will it not be a better to keep a debit card instead of a credit card? :confused: What are your views on...

Is credit card debt valid after 10 years [ 4 Answers ]

Is credit card debt vaild after 10 years?

No credit. Need suggestions for selecting a credit card with low APR [ 2 Answers ]

Hai, I don't possess a credit card till now. I am planning to buy a car by applying loan. My friends advised me that if I pay my loan premium using a credit card, it would help building my credit history. They also told me to look for 0% APR (any such offer for the first year) or less APR to...

7 years on credit report starts when? [ 1 Answers ]

When does the 7 year rule begin in terms of clearing the report of those issues? I have a few that are dated 09/00- do I have to wait until Sept. 07 to get them off, or because it IS 07, can I get them off now? Also, does the 7 years start when it was first reported, or when the act happened- say.....

View more questions Search