“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”
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.
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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