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To: mkjessup
Under the FDCPA, after 7 years the debt is null and void unless a court order was obtained by the creditor for payment of the debt. After 7 years, it must not be included on your credit report, it is considered uncollectable.

Not true. You mean the FCRA and even then it's not true. The 7-1/2 year reporting period deals only with how long the debt may remain on your credit report. It has nothing to do with whether the debt is valid. A debt is perfectly collectable after 7 years. They can attempt to collect it forever. After your state's statute of limitation runs, they can no longer sue you for it. At that point they can continue to try to collect it until you tell them to stop contacting you (if you are dealing with a third-party collector).

Also keep in mind that the FDCPA only applies to third-party debt collectors. It does not apply to the original creditor. You can tell the original creditor to stop calling util you're blue in the face and they can keep on calling. As long as it doesn't rise to illegal harassment, there is nothing you can do.

31 posted on 09/27/2007 2:25:53 PM PDT by BearCub
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To: BearCub

re: FDCPA/FCRA

What I cited might not be true as you see it, but that was exactly what a federal judge overseeing a bankruptcy case involving my cousin ruled when creditors going back 10 years sought to be included on the list of those parties my cousin owed money to. I quoted the judge verbatim.

That was 1999.


54 posted on 09/27/2007 3:32:47 PM PDT by mkjessup (Jan 20, 2009 - "We Don't Know. Where Rudy Went. Just Glad He's Not. The President. Burma Shave.")
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