I have an old phone bill that went to collections, it was more than 8 years ago, and in my state the statute of limitations for consumer debt is only 7 years. But they are still trying to collect on it.

If I do agree to pay it off, will it have any positive effect on my credit report? Right now my report shows it as charged off, unpaid. But since it’s beyond the limit now to collect, will my credit report change if I do decide to settle the debt?

Technorati Tags: 8 years, collections, consumer debt, credit report, old phone, statute of limitations

Has anyone ever used this? I have quite a heavy load of debt and want to consolidate to reduce fees, etc. Has anyone ever heard of these guys:
APEX FINANCIAL SERVICES
DEBT SETTLEMENT PROGRAM
Smart, easy and proven alternative to bankruptcy!
Debt Settlement REDUCES your debt by as much as 40% to 75%!
You could be debt free in as little as 12-36 months.
Our negotiators have settled millions in consumer debt.

Please let me know if you’ve had any experience or have any advice. I have about 5 revolving credit lines (including car insurance, etc.) and want to consolidate all to one account, or use the service I mentioned above. Any advice is appreciated!

Technorati Tags: apex, bankruptcy, car insurance, consumer debt, debt settlement program, financial services, heavy load, insurance, negotiators, revolving credit