How Long Can a Charge-off be Collected? The creditor can still legally collect on a charge-off. They can also file suit or refer the account to a collection company. This is as long as the account is within your state’s statute of limitations. This is assuming that the account is not relating to fraud or identity theft issues. In this case, you’d be able to do fraud and identity theft claims. The statute of limitations is the duration of time that they are allowing a creditor to collect on a debt in a specific state.

Find out what the statute of limitations for debts is in your state. You should never dispute a valid and accurate reporting charge-off account. Even if it’s within the statute of limitations and if it’s an account you are unable to settle in a lump sum payment. Disputing such debt may put you on the creditor’s radar and they may be more likely to file suit.

If you want to learn more about how long can a charge-off be collected then you can avail of our free credit help.