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  1. #1
    Join Date
    Apr 2007
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    Default Notoriously Aggressive Collection Agency Claims They Renewed A 10-Year-Old Judgement

    I live in NY and I had a judgement placed on my credit report for a credit card I opened in college and never paid off...10 yrs ago. i didnt go to court, so I defaulted and the judgement was added to my credit report. Well, I get a call from a collection agency regarding the debt, and when I told her that the debt was 10 years old and would drop off my report, she claims that the credit agency "renewed the debt", and that every 10 years they are allowed to do so...Is this true? My creidt score has dropped 33 points since, I believe due to this...and the original debt was app 1000, and is now over 4000...Thanks!

  2. #2
    Join Date
    Jul 2006
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    Default Re: Notoriously aggressive collection agency claims they renewed a judgement after 10

    You need to negotiate this settlement.

    See if they will take $2K.

  3. #3
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    Default Re: Notoriously aggressive collection agency claims they renewed a judgement after 10

    New York judgments can be renewed. You can check with the court which issued the judgment to see if that in fact happened.

  4. #4
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    Default Re: Notoriously aggressive collection agency claims they renewed a judgement after 10

    If I do not pay it, can they take legal action (e.g. garnish my wages or freeze my bank account?) They didn't do anything in the past ten years, so is is safe to assume they won't in the next 10?

  5. #5
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    Default Re: Notoriously aggressive collection agency claims they renewed a judgement after 10

    Quote Quoting deenalyn
    View Post
    If I do not pay it, can they take legal action (e.g. garnish my wages or freeze my bank account?)
    They can engage in any collection tactic permitted under the laws of your state.
    Quote Quoting deenalyn
    They didn't do anything in the past ten years, so is is safe to assume they won't in the next 10?
    No. As you have observed they're pursuing it right now.

  6. #6
    Join Date
    Apr 2007
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    4

    Default Re: Notoriously Aggressive Collection Agency Claims They Renewed A 10-Year-Old Judgem

    ok...Is there any statute of limitations or any way to get out of this...I just graduated from grad school and have a fortune in student loans to pay off..Is there a SOL, or any other defense?

  7. #7
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    Default Re: Notoriously aggressive collection agency claims they renewed a judgement after 10

    oh, also, do you know what the legal collection tactics are in NY?

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