Chane
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Check your state's statute of limitations. Most states are 5-7 years. I HIGHLY doubt that they can still collect on that debt.
Send them a letter letting them know of their violation of your rights and ask them to cease and desist all collection and communication activities. |
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acermill
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Debts are not forgiven automatically after any period of time. They can attempt to collect from you until you due, and even after that, they can collect from the estate if it has sufficient value. |
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emmi904
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The debt remains open and due until paid in full. It will not become forgiven, it will not be 'forgiven' until the debt is paid off, you are responsible for the debt. |
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saya
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it's different from state to state.
However, just because the statute of limitations is up on a debt doesn't mean they can't continue to try to collect on it and a lot of times they'll actually try harder as the time starts running out.
Beware, if she does send them any money she's basically "renewed" the account and will have to start all over again.
check out this link for info on your state.
http://www.fair-debt-collection.com/statue-limitations.html |
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LS
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american business never forget...hence how they've managed to rip off the people more and more each year. hell if you open a bank account and never close it or never use it THEY'LL ACTUALLY CHARGE YOU FOR NOT PUTTING MONEY IN IT. |
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Classy Granny
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No such thing as forgiven debt. The debt is outstanding until it is paid in full. |
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Tom V
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You are protected under the Statute Of Limitations Law on old debt. |
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what
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No the credit card company doesn't forgive the debt. They have written it off as a loss after this much time. Believe me, the amount owing after all this time would be much higher, and would include thousands for not paying each month, and late fees each month, and then compounded monthly at the highest interest rate. This is A) a scam, or B) a collection company that bought a list from credit card companies for pennies on the dollar, and then they try to collect anything they can. Just ignore it, they are harmless, even though they will try to lie to you. They to will go away in awhile. |
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?
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it used to be after 7 years they wiped the bill off but with the new laws that changed. I would imagine after 20 years they would give up. Go to your states government page and you should be able to find something sorry i couldn't help more. |
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