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The statute of limitations in California for the collection of most debts is 4 years. Provided you have not made payments within the four-year period, it would appear that the statute of limitations has run. The statute of limitations is not related to your credit report and the information on your credit report will not affect the collectibility of the debt.
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If it is four years why do they keep trying to collect and send me notices?
so it sounds like I should wait it out and just let the information expire on the credit report in 2013. Is that what you are saying?
The expiration of the statute of limitations does not prevent creditor from attempting to collect. This is a common misconception. The creditor may continue to attempt collection however if the creditor files suit after the expiration of the statute of limitations, you may have the action dismissed
If the statute of limitations has run on your debt, it would appear to be in your best interest to not file bankruptcy but rather simply let the information expire on your credit report
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Thanks. that is what I needed to know. Now I understand. thanks I will pay for this advice. It's been bother me a long time.
I wish you the best of luck
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