 If a collection agency requests payment on charged off debt that was never on credit report, do I have to pay? |
| I received a letter from a collection agency addressed to my old name. I found it to detail an amount owed that I didn't recognize. I contacted the company (the person was very nice and ... |
|
 What should I do with this debt? |
| A friend used my name to purchase a car and the car was later repossessed leaving behind a debt under my name. Now, a debt collecting company is haunting my family as I am no longer staying with them.... |
|
 Is it true that my credit may suffer if I cancel a credit card? |
| I've got a credit card with no outstanding balance. The company cancelled the rewards program for which I originally got the credit card, and so I want to close the account. But my father tells ... |
|
 I am in debitet,and no one abil to help me ,please anyone knowes what i have to do?without any bank krupy ? |
| i have got littil problem with my creditores,and no loan or credit card not abile to help me because i miss one payment.i am improving after that missing i never miss any other,but no one abil to ... |
|
 My credit score is 729, is that good? |
| I am a 19 yr old Male in college, I just checked my credit score, is 729 good? How good?... |
|
 How do i cash a $20,000 money order? |
| my friend wants to send me a $20,000 gift out of his trust fund. he lives out of state now though. but when he sends the money order in western union or fed ex, how do i cash it? i whould normally go ... |
|
 What do I do about collection agency filing law suit over over credit card debt.? |
| I was given 10 days to respond to the petition. They are asking for 1500.00, I believe this is an old credit card that went to collection that the available limit was about 500. I need to write a ... |
|
 Can you send a cease and desist letter to a credit card company -or does this only work 4 collection agency's? |
| Mom mom is in bad health and can not work, but Sears calls her daily harrasing her to pay a debt she is truly unable to pay. She has no real assest, so she is judgememnt proof. Would telling them ... |
|
 Help Finding A Credit Card? |
| For my boyfriend. I don't know how his credit is. I would say fair to good.. Not bad or excellent. But what he is wanting to do is buy a cheap car (Under $2000) on a credit card (so his limit ... |
|
 Paypal and Ebay? |
HI,
I have just sold an item for £250 in ebay and the fella who won has paid via paypal. It says that the payment from him is completed so i requested the funds are transfered to my ... |
|
 What to do with check? |
| I have got a check it looks real for 2,940.00 dollars it is from Latex Finance Inc they say i have won 50,000 and the check is for help in paying some of the fees,from what i have found out this is a ... |
|
 How can i figure out if someone used my ss number to get a credit card? |
| My wallet was stolen with my Social Security Card and Birth certificate in it. How can i figure out if someone has used my social security number to get a credit card? I have no other credit cards, ... |
|
 Can a 15 year old have a check card? |
| what do I have to do to get a check card? what kind of account should i open up?... |
|
 Bankruptcy and pets? |
| My husband is swearing that he remembers the bankruptcy lawyer saying that getting a new pet before bankruptcy is something they don't recommend doing. He is filing but I am not (we've ... |
|
 Does anyone know an actual way to "quickly" raise your credit score? |
| I am in dire need of a house at the moment. We can afford quite a few around the city but our credit score is currently 565. There are several items on our report that were charged off in chapter 7 ... |
|
 Credit cards?? |
I dont really no anything about credit cards but i need 10,000 pounds. I have a few questions.
1. how mnay credit cards can you have?
2.when do you pay back the money?
3.how much money ... |
|
 Will my credit improve from paying off medical bills that were delinquent? |
| I just paid off two small ($300) medical bills that had been on my credit report for a few years. They were reported monthly as "key derogatory". Now that they will be considered "... |
|
|  |
KAREN B | Can a credit company claim repayment if they have not been in contact for 9 1/2 years? |
a collection agency has suddenly out of the blue requested payment for a credit card from 9 1/2 years ago when the company themselves haven't been in contact requesting payment. can this happen and am i still liable? |
 |
 
patrick
|
The statute of limitations is 6 years. However, there are exceptions. If the original debt was taken to court within that timeframe, and ajudgement was issued, then they can either try to recoup the funds, or sell the judgement. You would then be responsible to pay the judgement, and they can lien your property for payment.
You need to ask the collector if they have a judgement. If they say they do, ask for them to send you a copy. Tell them you will review their claim, and will respond in writing. Also tell them that all future communication with you must be in writing. Tell them that if they call you again, you will report them to the Attorney General's office. Ask for their mailing address, and send them a certified letter stating all communication concerning said debt must be in writing, and that you are invoking your right to not receive any telephone calls.
If they have a judgement and it was issued within the 6 year time frame, you are liable. You can however, negotiate an amount to settle. The collection agency purchased this debt at a steep discount. likely less than half.
Finally, make sure you tell them that this debt may not be reported to a credit agency, as it is greater than 7 years old. Tell them that should it erroneously be reported you will file a complaint. |
|
Landlord
|
You are liable until you pay back the money you spent. So yes, they can contact you, and your estate after you.
You no longer need to worry about criminal persecution, they can no longer press fraud charges against you. |
|
claimbankchargesback
|
They can request you to repay the debt, as a debt is a debt and if its not paid back you will always owe it.
HOWEVER, there is a rule called the "Statuate of Limitiations" which states that if there is no contact between the lender and debtor for a period of 6 years, then the debtor can no longer be taken to court to get them to pay.
This effectively means that if you don't pay, theres nothing they can do about it to force you to.
You have to be carefull how you proceed, as if you write to them acknowledging the debt then you can actually reset the clock and they can take you to court again. If you do write to them, put "WITHOUT PREDJUDICE" at the top of the letter, add in that you don't acknowledge the debt, and don't sign the letter.
Legally, they can chase you for the debt however, as you do owe them money, but they can no longer take you to court, so its down to you how you wish to proceed. |
|
ChocLover
 |
I have always been lead to believe that if they have not contacted you within 6 years then you are no longer liable but don't take my word for it, I'm sure there will be someone more qualified than me along soon with the proper answer for you! |
|
celticexpress
|
Sounds similar to the situations discussed in this article about "zombie debt collectors":
http://articles.moneycentral.msn.com/SavingandDebt/ManageDebt/ZombieDebtIsHardToKill.aspx?page=1 |
|
Ask M
|
they are called junk debt buyers and no you are not required to pay them, I'm sure they are past the statute of limitations
for your state. First you send the Credit Agency a Method of Validation letter, wait for their response, usually takes
about 30 to 45 days. You can get the letter here
www.creditinfocenter.com - under debt validation CRA's |
|
ralph
|
Each state sets the rules. In California it is four years. After that, if you pay something or acknowledge the debt it resets the clock. |
|
Bob D
|
they can try. But you arent liable. Debt is over seven years old. Do not send them any money nor claim to owe the money. That will make the calim against you current and then you may owe them. Expect them to threaten, bully, and lie. |
|
Stew
 |
On any legal matter a lawyer should be consulted in regard to local laws. Specific debts are timeless and will continue to haunt your credit report.....especially medical. In this case I can't help but wonder why your concern revolves around culpability instead of responsibility. If you spent their money I would think repaying it would be in order.... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 37 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
7 | 10 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
