I have a CA to me for a 7-year-old debt – that I have no recollection. I have made some mistakes then, and spent 2 years laboriously fixing my credit card and billing of all my collection accounts.
rn
rnSo, now this comes out of nowhere. I think it's wrong, but I did not keep great track of things back then. I know I never heard from the company that they claim the original was out creditor.
rn
rnIch u0026 go forth with them – challenge the debt in the validation letter u0026 everything. I suspect it is a JDB trying to something that is past the statute of limitations to collect – or would it not my fault in the first place.
rn
rnSo or so (why else would I hear nothing for 7 years?) I like to pay just to let it go away. I really do not want to open it all again.
rn
rnWer know how this affects me credit report? I am reluctant to pay because they end of May to stay on my report for years, while I may be able to delete it when I fight.
rn
rnMeine second question is – how can I know that will not keep happening. If I pay for it, more things will keep coming back to follow me?
rn
rn I had another collector contact me on a debt that I probably standing on the – so my guess is that they bind to collect the unpaid part. This is seven years old.
rn
rnIch want to just stop this stuff and I'll gladly pay if this is the best strategy for my credit.
Best Answer: Stop Creditor Harassment! Stop the Dirty Bas***ds in their Tracks!
Yes, you can write a check to yourself and then use the funds to pay off the other Discover accounts. However, read all the fine print. You will have a cash advance/balance transfer fee of 3% to 5%, depending on your card terms. Unless you have some special low interest rate offer, the interest will be at the much higher cash rate and interest will begin to accrue immediately.
In other words, it just may not be such a good deal when you figure in the fee and higher interest rate.
Self Help Debt Settlement
Reply:Is that based on the date of last activity? How do I find out that date – since I don't have the records?
If they have to stop collection activity, won't they just sell it to another collector?
Remember not to confuse the "DOLA", date of last activity with the "DOFD", date of first delinquency. You are only concerned about the date of first delinquency. 
It certainly appears that 7 yrs. is far past the last date you paid on this account which is the reason why we asked you to send the cease and desist letter due to the statue of limitations. I had an occasion where a collector tried to get a 25 yr. old debt from my elderly parents. He kept harassing them on the phone. One day I was there and talked to him and after talking to me, he not only never called again but the letters also stopped! :yahoo: He realized that he was talking to someone who was knowledgeable about the credit laws. :punknanner:
Bankruptcy Strategies
Reply:Is that based on the date of last activity? How do I find out that date – since I don't have the records?
If they have to stop collection activity, won't they just sell it to another collector?
Crohn’s Disease Documentary & Eating Guide – TrueGuts
Reply:I'm with everyone else. Paying them would be the absolute worst thing you could do. If you pay them and they don't hold up to their end of the "bargain," whic inevitably they won't, they're collection agents after all, then you're screwed. It will sit on your credit for years to come. Use the resources here on this board to get rid of them once and for all.
Basic Credit Repair and Budget Management
Reply:I agree with the others. A Cease and Desist letter would be appropriate for a debt that is actually out of the statue of limitations, which I believe for your state (CA) is 4 yrs.
Fast Debt Elimination System
Reply:Why would you pay it if it is past the SOL for reporting period and your State?
If it is past the SOL why not just send them a Cease and Desist?
I concur, a C & D letter would stop it all.
But, if your greedy, and have too much time on your hands, you could fight them, record and CMRR everything and possibly rack up some violations so they can pay you for your time.
sorry, sent out my first ITS letter and I am feeling overly litigious xangelx
Ebook – ‘I’m Waiting As Quickly As I Can’
Reply:Why would you pay it if it is past the SOL for reporting period and your State?
If it is past the SOL why not just send them a Cease and Desist?
February 23rd, 2011 
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