Thanks OttawaChap, that was my understanding, too. It's just that the way the law is written seems to say that a stats barred debt can't be included on your credit report. That seems odd to me, but I thought I'd ask.

Stats Barred means that the creditor no longer has claim to that debt - though they may try and collect it afterwards, anyway. If so, just refrain from acknowledging your intent to pay it - especially so in writing.

With respect to the credit bureau file, the debt will remain on your report for 6 or 7 years (it's one or the other, I don't recall right now) after the date of your last payment, or after your last written acknowledgment of intent to pay it. Hope that helps.

O.C.

I was doing some research into the law in British Columbia that covers credit bureaus and collection agencies, The Business Practises and Consumer Protection Act.

Part 6, Section 109 says the following:

"A reporting agency must not include in a report...any of the following:

e) information about legal proceedings, accounts or debts that, on their face, are statute barred."

My understanding is an unsecured debt has not been acknowledged for 2 years becomes statute barred. Shouldn't that mean such a debt would drop off a credit report?