Mark wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
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“Dear Steve,
I am trying to clean up my credit.
I found that I owe a medical bill from 2003. What can credit collectors do to me? I thought that these end after a number of years.
Mark”
The Answer:
Dear Mark,
My first reaction is that if you owe the bill and you can afford to pay it, pay it.
The statue of limitations regarding how long the debt can be collected is different by state. For specific advice on that you should check with an attorney licensed in your state.
Otherwise, a credit collector could still go after you for the old debt.
