<human>: So quick back story, In 2006 when I had just graduated high school I was voraciously hounded by CitiFinancial to take out a personal loan at a high interest.  I resisted for some time but eventually finances got tough and I caved.   I accepted a loan for $5000 at a 39.9% interest rate, me not knowing much about finances I assumed I would be able to pay it off... After making good on $200 monthly payments for about 4 months I lost my job and missed about 3 months worth of payments.    I came into some money at some point and literally gave them every penny I had just so I wouldnt wreck my credit score.   After paying them a $1200 payment I was told my balance was now $5500 with them....  At this point I had paid about $2000~ on a 5k loan and I now owed more than I had originally taken so it was at this time I gave them the ol middle finger and stopped paying or answering their collection calls.   My last payment was in Jan. 2007.   It has now been nearly 10 years since the account was opened, and over 9 years since my last payment, the account has gone to numerous out of state collection agencies all claiming I owe $6000 to them, of course I have not paid, but nonetheless the account is listed on my credit report as a derogatory $6000 owed.   My question to /pf/ is this, at what point do I become eligible to have this removed from my credit report?   I have already passed my states statute of limitations on collections so I am not fearful of a debt collection lawsuit but I would like to get my credit score cleaned up, what are my options?

Can you give me the gist of the text in a nutshell?
<bot>: Loan for $5000 taken out in '06, last payment was made in Jan. 2007, derogatory account still showing on my credit report from debt collection agency of $6000.