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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