AMEX ACCOUNT REVIEW ' help

First of all, the seven years listing period have already expired, and so your credit report will not reflect the debt and your score will not get affected.
Secondly, you should check whether the SOL on the debt has expired or not. If it has expired, they cannot legally collect the debt and so you should not make any payment towards the old debt because even a small payment will rewind the SOL and you can be legally sued by the creditor.
Can you tell us the state you live and the date of your last payment towards the credit card?

MA. never made the payment this was late 1999/early 2000. what do u think?thx

SOL in MA is 6 years for all types of debts and so the SOL has already expired if you have made your last payment in 2000. The creditor cannot legally collect the debt and you should not make any payment towards the debt. If they harass you, just file an online complaint with the FTC.

they call my online phone.today again. its an online number so its not a real annoyance..but i am worried to start anything with them just by acknowledging they contacted me...and worried that they can then come after me.

Even if they call you up over phone for the debt, they need to send you a DV notice within 5 days from the date of initial communication in order to start the process of debt collection. Moreover, since the SOL has expired, they cannot legally collect the debt. However, if they sue you to the court, you should file a response to the summon in order to avoid default judgment.

how would i know if they sue me? would they sue me after 10 years? what is default judgment? thanks,. I am getting worried here.

There is no need to worry because you will be receiving a summon from the court in case they sue you. If you do not file a response to the summon, the creditor will win the case by default and you will be liable to pay the debt. In case you get a summon, file an answer to it by visiting the court from where it has been issued, and be present on the court date to defend your case. You need to tell the judge that the SOL has expired and the case will go in your favor.

they called again today. now it turned into a daily call - every day! but, thanks for the advice. it is VERY appreciated.

Just file an online complaint with the FTC by visiting the link "https://www.ftccomplaintassistant.gov/" or by calling FTC at their toll free number 1-877-382-4357. The call from the creditors will automatically stop within a few days.

should i definitely do this? the number they call is an online number though they don't know that. when they call i just get their voice mail in an email. i am worried by acknowledging them i would start some kind of a new cycle and then be trapped in a relationship with them again. is it safe to simply ignore them.

Yes, you can simply ignore them, but you may feel harassed if you get calls from them everyday. Unless you make them any payment, you will not get trapped. But if you pay them even a single dollar, the SOL will rewind and they may sue you for the entire debt. Filing a complaint with the FTC does not start any relationship with the creditor.

then i might just as well let them call the internet number forever:)

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Hello, acceptable post. I have been apprehensive about htis issue,so thanks for posting.