What happens to credit score after On record til Date has passed?

Question

If I look at my credit report and it says this is on record til 8/2009 and I don't pay it, what happens to it? Can the collection agency still hound me for the money or is it gone and my credit score go up?

Answer 1

It's deleted off your report. Creditors can not hound you down after that date. But they will still try to put that on your report after that date though, when that happens you disputed it with the credit bureau and they will deleted it. But your score do improve after that debt is deleted...