Credit Report Facts
2010
A collection agency contacted me about a debt that is no longer on my credit file. Should I pay?
This position is a Credit card was charged almost 10 years ago. It is no longer on my credit file. In fact, he waited several years until almost all from my report and then began rebuild my credit for a year and a half and my FICO score is now 680. I've never been late on a payment on restoring my credit if my credit history is short of what is now lower. Anyway, I received a letter yesterday from a collection agency debt seeking $ $ for an old credit card that I had forgotten. As I said, this is no longer on my credit file at all. It's only $ 700, then perhaps I could talk to him until about $ 400, but not really have an extra $ 400 there. If I have to pay? What would be the worst case senario if you do not pay? What if I get paid? What are my rights in this situation? Help!
First, send a letter informing her that the debt is beyond the statute of limitations for state and ARC SOL SOL Check your statements here State.html http://www.fair-debt-collection.com/SOL-by-most states, is in all parts 2 to 6 years the credit card debt. If it is indeed beyond your states SOL, then mention in the letter that if the report that one of the CRA 3 to be in violation of the following RE-dating debt in violation of [CITE: 15USC1681s-2], § 623. Decorators responsibilities of information reporting agencies consumer and to seek civil action against them in the U.S. Code Title 15 CHPT 41 CONSUMER PROTECTION OF CREDIT is probably a bad collection of debt agencies that deal with people who do not know their rights. See this link to see if they are on the list: If the debt http://www.budhibbs.com/drowning_in_debt.htm SOL is beyond what they can do is try and encourage you to make a payment to restore the rule of SOL and then you have to pay. http://www.ftc.gov/bcp/conline/pubs/alerts/timebaralrt.pdf The prescribing information on debts in time. I invite you to join the following Yahoo group "DontGetRippedOff" dedicated to helping people in financial crisis Here you will find information to help agencies collect the debt. Http: / finance.groups.yahoo.com / / group / dontgetrippedoff / DISCLAIMER: The advice contained in this document is for informational purposes only. Not be construed as legal advisor or legal advice.
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