Do you still have to pay your credit card debts if the statute of limitations had passed?
Answers:
Once a debt has past a states collection SOL statutes, a person has a legal right not to pay.
The account cannot legally be re-age and report for a longer period than the original reporting period, whether you pay or not.
Being past the collecting SOL does not mean the collector cannot continue to try to collect by calling or writing letters but they cannot legally sue (though they have been known to illegally file on time barred debts)
If you plan on paying and you are past the collecting SOL, you should learn your states SOL statutes.
Some states allow the collecting SOL to be re-set if you make a written agreement to pay. Which means if you only make a partial payment, without having anything in writing from them that the partial payment is considered payment in full, you can possibly be sued for the remainder.
If you are past the collecting SOL and decide not to pay, you should send the collector a SOL letter - which tells them the account is no longer legally collectible and to take a hike.
You might do some reading on the links I have listed in my profile - the FDCPA, FCRA, the one to learn your states SOL and the last link listed to learn how to use your rights.
Yes, they can still call you about the account. It just is not on your credit report, If you start making payments, then you are re-aging the account and will be back on your credit report. If you do not make payments, they can not sue you in court.
no,its illegall,i no got a few,theres statues (FCRA),that will explain==ya have to go thru the process tho,,it;s nerve racking but it can be done--
if ya have an attorney,,they can handle===the letter writing==if ya don;t CHECK-out PRE+PAID=LEGAL,,they help me greatly;;;
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