Thread: older collection

First off , thank you all. I have been using this site off and on for a few years now. I have used the knowledge for increasing my score. I havnt had a credit card or used any credit for over 9 years. All of this time I have been waiting for negative items to fall off of my credit. (business failure). Now I have one cap one unsecured card for 1000.00 and several other cards of lesser . now at 634, 640, and a 654

There is one item left on my derorgatories that was a retail office lease that was originated in 4/02. It appears on my report as a 4300.00 collection. I know it was first referred to a law firm in 2004. First missed payment was 10/03. Two year lease. I left the space in 2/02.

What I am not sure of is the SOL. I live in Missouri. As I read the statutes, it looks like a 10 yr SOL. BUT should it still be on my CR ? its been 8 yrs since first delinquent payment.

Should I challenge the entry ?
What proof will I need to delete the entry ?

thanks to all of your in advance,

pastmyprime

Gettting ready to purchase a home !!