I haven't talked to any debt collectors at all for 6 to almost 7 years. I hear that banks keep records for only 4years and credit card companies keep records for only 3years and that when it sells accounts to 3rd party collections they don't give the collection's proof of transactions. Is this true? The economy really messed me up I lost everything including my home. I been living with relatives for to long and it would be great if I could get my credit back to normal so I can pass the credit checks. I have just finished paying off a vehicle loan and closed that account in good standing. I owe nothing to anyone else since 2007 to 2008 debt. The 3rd party collection companies as of this day are still marking days as Fail to pay on my credit report for the 5 to 6 year old debts.