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Credit card debt sold

poorcredit said: "I have 2 credit cards that shows as charged off on my credit report. One of the debts is approximately 4yrs and the other 5yrs, my question is when your debt is sold to another company for collection does the 7 years start again? I reside in Maryland and it's suppose to fall off your report after 7 years."

anchorbob said: "Selling the debt should not re-age it. The time limit is based on Date of Last Activity."

poorcredit said: "anchorbob, Would you suggest paying off these two credit card accounts or just waiting it out 2-3yrs. and letting the them fall off. If I pay from what I understand it still will reflect on my report and restart the 7 years because I would need to setup a payment schedule, I am unable to simply pay it off all at once it this time."

pryan67 said: "[QUOTE=poorcredit]anchorbob, Would you suggest paying off these two credit card accounts or just waiting it out 2-3yrs. and letting the them fall off. If I pay from what I understand it still will reflect on my report and restart the 7 years because I would need to setup a payment schedule, I am unable to simply pay it off all at once it this time.[/QUOTE] why not DV them and make them prove what they claim you owe? it will NOT...I repeat NOT restart the 7 years...NOTHING can do that at this point..."

anchorbob said: "As PR says, I'd go ahead and take a shot at removing it without pay first. Failing that, you can consider negotiating."

Ally said: "..and as always, make sure that you have whatever agreements you make with them in writing. Preferably to remove any derogatories upon said payment."

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