Legal Question in Credit and Debt Law in Texas
Cleaning my Credit up
When can a bad hit such as collection account be removed from my credit report. Its been 6 plus yrs and the account keeps getting bought out from company to company.. Does this mean the Statue of Limitations starts over every time.. since the account is considered revolving(collection)
Asked on 8/31/07, 2:44 pm
1 Answer from Attorneys
Sharon Campbell
Sharon K. Campbell
Re: Cleaning my Credit up
The statute of limitations for suit on a debt in Texas is 4 years. A debt may be reported on your credit report for 7 years from the date of last activity.
Answered on 8/31/07, 2:55 pm