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| They left a robo message with their phone number. I'm pretty sure it's about an old student loan, what should I do??... |
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 The collection agency called my son and when he asked for an address to write them, they refused.? |
| My son wanted to mailed the collection agency a settlement offer and the company said they can't give out the address without a verbal agreement to pay the debt. They wanted an electronic ... |
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 Credit repair? United Credit Association? |
| Has anyone heard of United Credit Association? They are a credit repair agency. I want to know if those agencies are legal and if they really can repair your credit. My realtor recommended it to me ... |
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 Can I use SBI DEBIT CARD for online payment in india? |
| means can I buy anything like watch, t-shirt, jeans etc. online using sbi debit ... |
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| I just found out that my current boss ran my credit report without my permission after I specifically told him not to. They lied to me to get my SSN and then ran it. My credit score is not good to ... |
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| Just found out my Discover card has been charged 25 a month for FOUR years because I used Free Credit Report.com. Seems I was automatically enrolled through CIC. I knew about a 10 dollar a month ... |
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| I have maxed one of my credit cards ($2000). I work full time so I can pay it back over time, but the thought of having that debt on my credit card scares me a little. The minimum payments are $25 ... |
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| Hello fellow members, I am actually looking through this one company www.eastpointlending.com trying to get a personal loan and I have been working with one of the consultant. I have gone over the ... |
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| I owe two credit cards and they are about 1400 each there is one that charges more interest than the other one. So my question should I pay them equally or pay more money to the one that has the ... |
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| I am 19 years old and just recently checked my credit score. I have nothing on it except one colection agency balance. It is a balance I owe from 6/1/2004 for $125. My credit score is very low 568. W... |
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| i would like to get a mortgage but i have been refused due to bad credit - i have 1 default thats it! my problem is im trying to build a credit rating for myself as i dont have 1 im only 19! are ... |
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| I just got my new Visa credit card in the mail...and I'm wondering if I have to sign the back of it or anything since in part of my mail it says "sign the back of credit card to verify"... |
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| Two stores where I live have signs up that say they won't accept a credit card purchase if amount is under 3.00. Is this legal? This is Alabama.... |
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 Credit Collections - Who Do I Pay? Collector Or Creditor? |
| I was involved in a hit and run motorcycle accident, I was hit by another bike while riding mine. Now I have 2 collections medical bills that made it's way onto my credit report that I refused ... |
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| i dont know my score but it isnt good, at all! what can i do to start repairing this? i am already paying off debits, i have 3 of 5 paid off, but that alone work, what else should i do? i was ... |
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| Let's just say your buried, and your not able to pay more than the minimum every month...is there a better way?... |
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| My question is can the mortgage co. come after him later for the difference in what is owed and what they sell it for. PLEASE answer as soon as possible.... |
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Jesus Christ | Can creditors still come after you even if the 7 years are up? |
I was stupid when i was young and messed up my credit. My 7 years went by and now my credit is good, but today I got a suprise letter from a collector about $500 dollars I owe from 1998? I just laughed and hung up. Whats up with that? Tens year latter? What? |
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Leela
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Hi Jesus! Just tell them to bite your holy a*s my friend. Good on ya for laughing though! Love it. |
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SPIFIMAN1
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You have two time lines mixed up.
The 7-years comes from the Fair Credit Reporting Act which says that derogatory accounts can be reported for 7-years from the date of first delinquency.
Then there is the statute of limitations which is the time limit for a creditor to sue in court and varies from State to State and by type of debt.
Even after the S.O.L. has passed, creditors can still come after you for a debt, they can even sue you in court but all you have to do is show the court that the S.O.L. has expired and the case will be dismissed.
Never admit that a debt is yours, in some States even doing this will restart the S.O.L. and any time you pay a dime on a account it restarts the S.O.L. |
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bud68
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They can still try to get you to pay, but they may no longer have a legal basis to do so if your state's statute of limitations has elapsed. But that won't stop them from trying to scare you into paying.
Find out if the SOL has elapsed. If it has, ignore them and forbid any further contact. |
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jeanniep
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www.daveramsey.com |
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Cherlybird
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You may also want to make sure that they do not have a judgement against you. Most creditors won't go to court for only a $500 debt. But its something to check since, in some states, a judgement can last for up to 10 years. Better to be safe then have them put a lien on you. |
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rpf5
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Assuming the debt qualifies for the statue of limitations,
after 7 years, it means they can not sue you for the debt, they can still try to get payment, you are not free of the debt. |
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Sophiesmama
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the 7 years is how long a debt will stay on your credit report, but a company will try forever (it seems like it) to get the money back that you owe them. They may have sold the debt to a collector who now starts haunting you all over again. |
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donald e
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yes, there is no staute of limitations of length of time and if its on your credit it could come back to haunt you if you try to finance real estate |
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Thin Kaboudit
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Hey Jesus, if I had borrowed $10,000 from you EIGHT years ago, and you just now found out where I live, would that mean I didn't owe you the money any more?
Pay your debts. And don't make any new ones. They will follow you FOREVER.... |
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