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It is very likely that the statute of limitation on your debt has been run out. The statute of limitation depends on the type of debt.
In Washington the statute of limitation:
Even the statute of limitation expired - it doesn't matter that the debtor may not try to collect the debt - the debt is still your legal obligation.
First of all you should not confirm your debt obligation and inform the collectors in writing via certified mail and keep a receipt that you disagree with the debt assessment.
They still may sue you - do not fail to show up in the court - if you do so they may obtain a default judgment. In the court - you may use the statute of limitation for your defense and ask to dismiss the claim.
If you manage to win and if that is a valid claim - the creditor may forgive the debt - in that case they will issue the form 1099-C for that amount - be careful - that amount will be taxable income for you. So - if the debt is not valid (or part of the debt is not valid) - you need to be sure that will be mentioned in the judgment.
It might be a difference if you lived in the Oregon at the time the debt was initiated.
In Oregon the statute of limitation on all types of obligations including debts on the Open-end Account is 6 years.
As your debt is old enough - that might be no difference for your situation.
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