The below is written directly on my online equifax report.

"A collection account under public records will automatically purge from the system six (6) years from the date of last activity."

Date of last activity would be the last time you paid or aknowledged the debt.

If you're superstar material, this job is for you.

http://www.jobbank.gc.ca/detail-eng.aspx?OrderNum=5398318&Source=JobPosting&CommGrouping=GON013,GON016,GON033,GON029&Agency=no&OfferpPage=50&Student=No

That may SOMETIMES be true with respect to a collections item, but once it gets reported, they almost never will take it off. Granted, some do disappear but it's usually due to agency error or oversight. Once they put it in the public records/collections or hard inquiries section, the item will stay there for 6 years or more.

With respect to the first or "trade lines" section of the 2 bureau reports, the debt remains with the original creditor's internal recovery unit for 90 to 180 days before being assigned or sold off. During that period, assuming no payments are made, the account regresses from R1 to R9, or I1 to I9 for installment accounts) as the case may be. That holds no matter what.

No creditor will reverse that status on bureau reports for the 6 year period, whether you pay the collection agency or not.

trentlieb

Are you referring to a debt that has been assigned to a collection agency from a creditor to collect? If this is the nature of your question, I am not aware of any statutory time limit in which a collection agency must report this debt to a credit bureau as a collection item. It is my observation that once a collection agency has been assigned the debt to collect, they will contact the debtor and demand payment of the debt within a short period of time such as 7 days. Depending on the aggressiveness of the collector and the resistance of the debtor to comply with the demand will determine when the collector will contact the credit bureau and show this debt as a collection item. If the debtor agrees to repay the debt immediately or within a very brief period of time such as 30 days, this debt will not be reported as a collection item to the credit bureau. However, if it appears to the collector that the debtor is unwilling to cooperate for whatever reason, then the collection agency will report this debt to the credit bureau.

I'm under the impression that it is 6 years, unless you've somehow acknowledge the debt in writing.

what is the time limit that a collection agency has to put a bad debt on my credit bureau, from the original delinquency date.