How Can I Find Out If I Have To Repay A Debt From 10 Years Ago?

          A ten-year old debt must be repaid immediately. The person from whom you have taken the debt must have sent you letters warning you with dire consequences if you fail to repay it.

          In addition, you would have at least 120 outstanding bills, assuming you have been getting a bill every month for the last ten months. Once you repay the outstanding decade-old debt, your creditor will pass a new journal entry in his book of accounts to indicate that all your bills have been paid.

          Since it is presumably a large amount, and you may not have the cash at your disposal at that point, you can send your creditor a cheque. However, you must make sure you have the required bank balance, or else the cheque may bounce and you may face criminal action.

If you are in the U.S., then you can check each of the major credit reporting agencies (there are three) to see if the debt remains part of your credit history.