How would it show on my credit report?

I have a lot of credit card debts from the past about 4-6 years ago. I just moved to New Jersey from New York. Am I under the statute of limitations? And If I am, how would it show on my credit report? Should I start paying off these debts? or is it not worth it?

2 Answers

You should try to pay off your debts. Lenders don't like to see unpaid debts on your credit report. 


Both states have a 6 year SOL on credit card debts.  Even if they were different, there would be no difference on your credit report.

It is up to you if you start paying them.  However paying will not help your credit.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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