Can someone collect after 7 years & it show up on your credit report?

Tips and Deals Forums Consumer Credit Improve Credit Can someone collect after 7 years & it show up on your credit report?

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      Anonymous
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      I had a car repossessed in 2000. The repo fell off my credit report after seven years and I thought everything was okay. I have cleaned up my credit and I am now under contract on a house. I am having problems because the lender says this just showed back up, and they are saying I owe them for the vehicle. It is not the original creditor, it is a new one. It looks like once the seven years was up they sold the debt to another company.

      Can they do this? If they can, why is there even a seven year rule if you can just keep selling the debt…

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