• ericbomb@lemmy.world
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    11 months ago

    Well it works where if it’s non government debt and you don’t pay for 7 years, it falls off your credit report. Of course if you had a car/home tied to it they would have taken it at that point.

    But honestly at 5 years the collector will have mostly given it up and sold it to a debt collector for pennies on the dollar who call from time to time when they have nothing else to do.