Have you been contacted by a debt collector trying to collect on an old debt past the statute of Limitations?
NEVER talk with anyone from a collection Agency on the phone about any debt that is past the Statute of Limitations. If you offer to make payment arrangements with these scumbags you do so at your own risk. Often they will gladly make an offer, take your money and still sue you in court. They can do that because by making any agreement to pay you are entering into a contract with them and the courts will see this as an acknowlegement of debt and will award them full judgement plus interest, fees, etc... You should immediately send the Collection Agency a dispute letter and a cease communication letter via certified mail with return receipt. Make sure to include a statement about your states statutes of limitations. For more on this visit www.budhibbs.com. Also go to www.myfaircredit.com and click on the Free Case Review to get free advice from a lawyer. File a complaint with the state attorney general and the FTC www.ftc.gov Check your credit reports, dispute any inaccuracies.
Public Comments
- thats great to know thanks alot
- yes if you make one payment to the collection agency you have just re-affirmed the debt,.....
- Hi! Yes..and JDB's (Junk Debt Buyers) have a bad habit of re-aging lines. I have not had it happen personally..I have two bothering me, though. They may even get a judgement..but that can be overturned..just know your rights. Oh..one more thing..in some states all you have to do is agree to a payment arrangement to restart the statute clock. Please be careful.
