Re: debt collector calls - debt is 10 years old - WTF?
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I'll pay it, but I don't want my identity stolen either.
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DO NOT PAY IT!
I'm not an expert in this but im almost certain that any adverse effects from missed payments/defaulting and such drop off your credit record after 7 years. By paying the amount, I believe that a new adverse mark can appear on your credit report.
Again, I am not an expert on missing payments and such so do your research first. There is a webboard to that specializes in this type of stuff by I forget what it is off the top of my head.
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Listen to Cubs, he's speaking the truth. Debt is only valid for 7 years on your credit and if you do pay it, it can NOW show up on your credit whereas if you DON'T pay it, they cannot put on your credit due to it's age.
T
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Check your credit report and see if it is there.
If so and the last reported action is over 7 years ago, you can writew to the credit agencies and they have to remove it from your credit report.
DO NOT PAY IT, do not call them back again.
If you are feeling guilty about the debt, donate the 27 bucks to a charity, but all you will do is screw yourself if you pay it.
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