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Sorry if it's not cool to use Onesizefitsnone's string to ask my own question but I'm troubled anew by here circumstances and my question has at least one thing in common with her.

First let me just get out of the way that what happened to Onesize, a $45 charge growing to $1,000 seems like usury to me. We do have laws and beliefs among most of us in this country that there is a limit to the penalty that should be imposed on even a deliberately reneged debt.

Some of the responses as I read through her string were scolding and legalistic about "you agreed to the terms, you have to pay whatever they say." Well I agree that Onesize's side of the story has me on her side (I do acknowledge that Cap One may have their side). From what I've read Capital One's (or the collection agency - this really sounds more like collection agency behavior than cc) actions are usury and if they aren't illegal they should be.

My question is about this reoccuring reporting of unpaid debt as "in collection" month after month after month. All this talk about late payments being on your report for x amount of time. Well what about unpaid debt? What is the limitation on that? Can they just keep reporting that forever or is there a time limit where forgiveness creeps on to the report?

I have on 2 of my 3 credit reports, I just learned today, a debt collector reporting every month that I am in collection on a $179.00 debt to MCI for an unpaid long distance bill. This is for an account I never opened or owned or ever made long distance calls on in a state I was not resident of. But that seems not to matter, somehow my name got on this account along with a woman name Geraldine Fejardo who I never heard of. Anyway, if I simply ignore this illigitimate debt, will it eventually work its way off my credit report?

Anyone know? Comments?


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