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#1
05-22-2007, 07:59 AM
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debt collector calls - debt is 10 years old - WTF?
had a call today from a debt collection agency - I didn't know what it would be so I called them, and I owe the Electric company $27 from 1997 - back whe I was living at a place with two other guys. One bought a house and we moved in with him, so I effectively dropped off the grid for a bit there and the Electric Company didn't follow me
I wasn't going to give out payment info over the phone but told them to mail me something - but it's been 10 years - do I have to pay that? Think I'll use a money order - I'm paranoid about identity theft. [censored] - took them 10 years and they called a number that I didn't have then - so somehow they located me thru some friggen database or cold-called me - shoulda never returned the call - ah well will probably just pay it - not worth the regular hassle for $27 bucks. But WTF? rb 
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#3
05-22-2007, 08:11 AM
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Re: debt collector calls - debt is 10 years old - WTF?
You're freaking out over 27 bucks?
They sold your debt to some collection agency that has automated searching for people. Did you recently get a phone in your own name? If you want to mess with them see if they'll take 15 bucks then send them a check for 10.
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#4
05-22-2007, 08:16 AM
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Re: debt collector calls - debt is 10 years old - WTF?
[ QUOTE ]
You're freaking out over 27 bucks? They sold your debt to some collection agency that has automated searching for people. Did you recently get a phone in your own name? If you want to mess with them see if they'll take 15 bucks then send them a check for 10. [/ QUOTE ] They called my cell - I've had it for years, but not when I lived at that address - so either they called every whiskeytown (or real name as the case may be) - in the area or cross referenced me somewhere else - they didn't have my current address though - they got enough to get my cell phone (only contact number) and an address I had 10 years ago but not the current one - I'll pay it, but I don't want my identity stolen either. rb
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#6
05-22-2007, 08:37 AM
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Re: debt collector calls - debt is 10 years old - WTF?
[ QUOTE ]
I'll pay it, but I don't want my identity stolen either. [/ QUOTE ] 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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#7
05-22-2007, 09:02 AM
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Re: debt collector calls - debt is 10 years old - WTF?
ditto to what cubs says.
paying anything to that debt will negatively affect your credit rating. it is so old that it is now off your credit score now. generally credit agencies buy old debts for pennies on the dollar and see if they can get people to collect on them. and like cubs, im not a credit expert, just read some personal financial pages on occasion. here's a drop dead letter
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#8
05-22-2007, 10:25 AM
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Re: debt collector calls - debt is 10 years old - WTF?
WTF?
So if you rack up several tens of Ks of credit card debt, then skip town and come back 7 years later, they're SOL and you have a clean slate?
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#9
05-22-2007, 12:11 PM
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Re: debt collector calls - debt is 10 years old - WTF?
[ QUOTE ]
[ QUOTE ] I'll pay it, but I don't want my identity stolen either. [/ QUOTE ] 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. [/ QUOTE ] 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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#10
05-22-2007, 01:51 PM
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Re: debt collector calls - debt is 10 years old - WTF?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I'll pay it, but I don't want my identity stolen either. [/ QUOTE ] 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. [/ QUOTE ] 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 [/ QUOTE ] 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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