Time limit on posting collections?

NY- I applied for a new car loan and discovered that a collection agency had put a mark on my credit report for a medical bill that was not paid by insurance back in 8/95. I have never recieved a notice from a collection agency on this and it was not on my credit report when i checked it 18 months ago, do I have any legal recourse to get this removed from my credit report?

[I AM ALWAYS LIABLE]

Originally posted by SGrubham
NY- I applied for a new car loan and discovered that a collection agency had put a mark on my credit report for a medical bill that was not paid by insurance back in 8/95. I have never recieved a notice from a collection agency on this and it was not on my credit report when i checked it 18 months ago, do I have any legal recourse to get this removed from my credit report?

My response:

No. It stays on your record for 7 years. As long as they posted it to your record within the Statute of Limitations, they are within their rights. Also, if the debt remains unpaid, they can list it again, and again, and again.

Pay the bill.

IAAL