Should we pay off old debt that is not listed on our credit reports?

My husband and I have some debt that is not listed on any of credit reports (I've checked all 3). Should we go ahead and pay the debt or just hold off until we get the rest of our current debt paid off?





These debts are less than 8 years old and we've not received any recent mailings. We only have the original bills from 5+ years ago.





Thanks!

Should we pay off old debt that is not listed on our credit reports?
Hi,


I used "Credit Solution" to settle my debt and improvr my credit score.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here:


http://nanoref.com/linksynerg/KvHqGQ
Reply:If it's not on the credit report I wouldn't worry about it. In most states, the SOL is usually 4 years so they can not sue you or force you to pay. If you start paying, you'll start the SOL against and may sue you.
Reply:Check out your state's statute of limitations as you may still be liable for lawsuit long after the reporting timeline has ended (some states are as long as 15 years!). Also you may find that this debt "resurfaces" once you go to buy a home- many collectors use this tactic as leverage; Feel free to contact us at www.crusaderservices.com for help settling old debts as settling old debts is always better than paying them in full.
Reply:hold off until you pay the others thats on the credit report..... just wait and see.... i would be glad
Reply:These debts are most likely outside the statute of limitations....Leave well enough alone......If you make new payments you will reset the statute of limitaitions....and your goodwill might end up causing you big headaches in the form of judgements.





If it's not on your credit reports then there's no point in attempting to contact whatever debt collector that has the account....which might trigger some aggressive collection activity.....Strangely enough, you could end up damaging your credit as the items could be posted on your credit files as paid/settled....
Reply:Derogatory items age off your report 7-1/2 years from the date of first deficiency. If they aren't on your report, don't worry about them.





Work on paying off current credit card accounts first. Deal with derogatory items newest first and work back to the oldest. The older the item, the less impact on your score. Let anything close to the 7 year mark just age off.