<prompt> Human: New members, please read through the New User Orientation.This a continuation of Moronic Monday. Anybody can post a PF-related question in a Moronic Monday thread and not get made fun or downvoted of for it. It provides a safe spot for asking questions you fear may come off as moronic.Make a top-level comment if you want to ask a question in a safe space! Dont downvote moronic questions!A big thank you to the many PFers who take time to answer other peoples questions!For past Moronic Monday threads, please see the Weekly Archive - rpersonalfinance mods  <response>: Im confused a bit about the statute of limitations for items on your credit report. A Do they completely drop off after 7 years? Like they never existed? B Is it true that the clock resets if you basically acknowledge they exist at all? C If A and B are correct, then if youre nearing the end of that 7 years, then doesnt it make the most sense to continue ignoring those collectorsdebts, and let them disappear? D Is a dispute and a verification the same thing? Ive heard various verbiage used; more or less contacting the credit reporting agencies to get further contact information for who owns the debt currently, and verifying that it is, in fact, yours. E If all above is correct, how does that impact disputingverifying items on your credit report? i.e.-I see an item for a credit card charge off I know nothing about, the 7 year SOL will be up in a few months, should I verify if thats mine? Or let it fall off? 