Bad Mother Clucker
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Did you ever pay them back? Maybe that's why they're calling. |
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music junkie
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you're the reason the rest of us have to pay such high interest rates on credit cards....thanks |
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ra63
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You've been caught - if you owe the money, pay it. |
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Zee HatMan
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Maybe if you stop shouting ... |
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hang_on_sloopy
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Legally, the company can come after you until you pay that debt. You breached the terms of the credit card agreement and they want to collect. It's that simple. Just because it has fallen off of your report does not mean that the debt has disappeared.
Each state has different laws as far as the legal process is concerned. In general, unless you owe them tens of thousands of dollars, they are not likely to take you to court. Filing a judgement against you can get expensive and if you owe them $1,000, that's not really worth taking you to court over. If you think of all the people they would have to do that to....the cons outweigh the pros even for them.
Regardless of what insurance the cc company may have, they still want the money from YOU. You can always offer to settle or get on a payment arrangement if you want to get rid of them for good.
Good luck! |
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ann
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They want you to pay on it right before it expires, because then they will have you for an additional 7 years. Even if you pay 1 cent of it. |
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Nora
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they cannot collect they are making a last effort before they write it off |
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????????
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You are okay. I had a collection company call me about an ancient sprint long distance bill from, like, 8 years ago. I just told them the statutes of limitations had run out and don't call me again. They kept calling, so I called the Attorney General's Office's Consumer Department. They told me to write a letter, send it certified receipt, and say in the letter to cease and desist calling my home, office, family, or fax, or any other form of contact. I mailed it to the ATTN: Legal Dept of that collection co. and never heard from them again! Some new agencies must be begging for this nasty old paper to collect, but they won't. Because, even though the debt may still be owed, it's mute. They can't sue you. Or report it to your credit bureau. They have no bang in their call. Write them Certify it. And forget about it!:}
PS: Don't admit you owe anything over the phone. Don't send them a dime or the timeline starts anew. Just write the letter. Trust Me. They cannot hurt you in anyway if you write the letter.
Some of these answer are dead wrong! They cannot report to your credit report. Statutes in most states are 4 years for an open account (credit) paper; 10 if they have a judgment against you. State tax liens, 15 yrs.
They cannot call you after the letter. If they, file a complain with the Consumer Protection Agency at the state level. That'll do it. liens. Everything comes off your credit report after 7 years,except the above exception. |
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Hummbaba
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They have four years to collect legally, but they still can harass you until you pay. They are not suppose to report it on your credit, after four years, but they still can bother you about it. If you want good credit, you still have to pay off that mark on your credit card.. |
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dymps
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Call the company you initially had the credit card with and ask what the situation is. Sometimes items being put on a person's credit report for 7 - years doesn't necessarily mean it goes away, the person (person in debt) needs to follow up to make absolutely sure it is removed.
Creditors will do anything to get the money owed to them. An account will not be opened unless the person who is in debt filed a chapter 11 (Bankruptcy) other than that the account can still be reopened at a future date.
Your credit may have been reviewd and it was determined that you probably can repary the debt, but until you clear this up by addressing the issue with the company, the issue will remain still outstanding.
Good luck |
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princesswhitepaw
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YOUR ACCOUNT HAS BEEN CHARGED OFF AND ANOTHER COMPANY IS TRYING TO COLLECT ON IT. EVEN IF YOU DID PAY WHAT YOU OWE ON IT..IT WILL STILL BE ON YOUR CREDIT REPORT FOR A LONG TIMETO COME. AFTER YOU MISS ABOUT 6 MONTHS PAYMENT ON THESE CREDIT ACCOUNTS THEY ARE CHARGED OFF AND THE ACCOUNTS ARE SOLD TO OTHER COMPANIES. NEED TO PAY IT OFF AND GET THE CREDIT BUREAU TO REMOVE IT. GOOD LUCK. |
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OG
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The original card holder has charged off the balance that you owed them and sold your account for pennies on the dollar to a collection agency. Unless it is a large amount, say over 2000, all they will do is be a pest to you and they will offer you a settlement of about 50% of the original balance if you are willing to pay them in one shot. |
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SmartAleck
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the collection agency can and will call you on it until you honor the debt. the collection agencies buy the bad debt and then keep whatever they collect as their payment. even though one credit reporting company shows the debt as dropped from your report, that doesn't mean that ALL of the credit reporting companies have done so. in the long run, it will take you a lot longer than the 7 years to straighten out your credit and bring up your credit score to the point where you are getting the lowest possible interest rates on new loans.
by not paying it at all, all you have done is increase the original credit card company's interest rate that they charge all of their other customer. there is no "insurance" they just charge the rest of their customers more in interest to pay off their bad debt costs. |
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rmdouglas27
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If the last payment you made was over seven years ago then they cannot do anything. It is no longer a valid debt. This is the problem with the CRA's and debt collectors. The DC's pay the CRA's to pull up your report if they notice that you have a debt that is about to roll over they get the information the the BS begins. Send them a cease and desist letter (go to www.budhibbs.com) for an example. This has happened to me, debt collectors are the scum of the earth. |
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Mariposa
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It depends on which state you live in. Just because the item fell off your credit report does not mean that the statute of limitations has expired, meaning the company may still have time to sue you. Click on the length below for a state by state length of time for the statute of limitations. |
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crownroyalgirl1177
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Are you kidding??? They are calling because you owe them money. Did you think maybe someone paid it off for you???
Don't be mistaken the debt may come off of your credit bureau after 7 years, but that doens't mean the company will forget it and move on. You still owe them so make a deal with them to pay. (Its your debt, not an insuranc ecompanies) |
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The Wraith of God is coming
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The debt has been sold it is no longer valid, the collection agency bought it at a discount like 5 to 10 cents on the dollar. They will call you trying to get half so they can make profit. If you reassign the debt then you will be legally responsible for it at what ever terms existed b4 and new terms.
Contact the Fed.s to find out about fare credit recording act. |
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SKYDOGSLIM
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The debt was probably written off years ago by the original creditor and then sold to a company for pennies. They are attempting to collect and anything you pay them is profit. The best thing to do is ignore them, most go away. Should they send you a summons to appear before an arbitrator by all means go and tell your story. These people rarely are successful if you stand up to them. They just hope you will agree to pay them something. I suggest you do not. |
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The Weasel
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You said it was off your credit report. There are three credit agencies that report to your credit report. Are you sure all three agencies stopped reporting on it? One or two agencies might have stopped reporting it but the third could still be reporting it.
Either way the seven year rule only applies when the company stops reporting the default. Meaning, if the company is reporting the balance 5 years after the default then it's 7 years on top of that, basically 12 years total that it will be on your credit report. Good luck. |
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J-Rod on the Radio
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If you didn't pay them... you still owe them....
that simple... they will hunt you until you settle it in writing... they may even try after that...
I'd call them, and see if they would accept a lower amount that what you owe as settlement in full.
they might..
I would also do everything that you can to get out of credit cards all together...
try this
www.daveramsey.com
he can really help you a lot more that I can |
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taraloha
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The seven years on your credit report only begins *after* you've paid the debt. You have a long way to go! Get it paid off and then start counting years. It's amazing that this bad debt hasn't gotten in the way of you purchasing a car or getting any other credit cards.
You don't really think that waiting seven years means that they'll forgive your debt, do you? That's the same as stealing! |
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frugernity
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I am so sick of people borrowing money, not repaying it, then posting questions trying to weasel out of it or whining about being "harassed". How (in your mind) is borrowing money and not repaying it any different than stealing? Because I don't see any difference. |
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beauty s
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After u have paid your bills in full, then 7 years from that it will be removed from your crdit report.. |
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Fred C
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It doesn't go away unless they make no attempt to contact you. They can try every few years and the limitations period starts over. As long as they try to collect within the limitations period. If they don't try, it expires. Yes, they can garnishee. |
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K.Heat
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I believe only the government can garnish your wages ! Child support too ! |
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skammaj
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I had a $167 debt to a phone company, I payed the amount owing without much trouble but they still reported it to credit rating people, its been over 7years for me but it still comes up when I try to get a person loan or a new plan for mobile (switching companys), how can I get this removed as it has not done so itself |
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