A 7 year old debt showed up on my credit report. Is that legal?

Lve Human
to me
show details
Feb 25
I have a credit card debt from 1999 that I did not pay. I recently received notice in the mail(2007) that they will reduce my balance. I thought bad credit was taken off your record after 7 years? Am I misinformed and I do not have the money to even pay the reduced balance. What do I do?
thanks for your advice
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Bo Majors
to Real Person / show details / Feb 25
Have you checked your credit report to know what the dates are?
Dates can be changed if their is activity or sale on debts.
There can be multiple entries if collections happen.

7 yrs after date of last activity records come off reports. yes