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"Keeps them away for about 2 years or so. (Who in the heck tries collecting on a $100, 10 year old charge off???) "

Some collection agency keeps trying to collect an old credit card debt from my hubby that is from 1992. I asked them the first time they called if it would go on his credit report.. they said "No, but... blah blah blah" so I told them there wasn't much chance of getting any of the money then. It was an old credit card that his ex-wife used to furnish their home together.. fat chance of me paying THAT. The last time they called they mentioned something about lawyers and I told them to go ahead and send them after us and I never heard from them again.

I believe that it will go on your credit record if you pay. The last transaction stays on your credit for 7 years. This is why if you have charge offs and the company won't remove from your credit if you pay off, just leave it alone. It will drop off after 7 years.