Results 1 to 4 of 4

Hybrid View

  1. #1
    Join Date
    Jan 2006
    Location
    old charged off account of 16 years
    Posts
    2

    Default Statute of Limitations and Old Debt

    I got a letter from a collector stating they bought an old debt of mine from someone other than the the original creditor, the debt is 16 years old it was in the credit bureaus for 7 yrs as a charged off acct. and i defintely paid my dues. The statue of limitations ran out in 1996 or 97. Now these people say that I owe them money and the debt has more than trippled from the original balance Now I feel this is fraud on their part an unlawful and unethical. Can they get away and collect this debt that I never owed them to begin with. Can someone helpme out with somme good advice thanks Nikkidee. My email is cdivin9889@aol.com

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Statute of Limitations & Debt

    You may wish to look at the sample letter in this thread about the statute of limitations, as well as this article on the Fair Debt Collection Practices Act.

    You should formally dispute the debt, and should assert the statute of limitations as a defense.

  3. #3
    Join Date
    Jan 2006
    Location
    old charged off account of 16 years
    Posts
    2

    Default

    In sending the SOL letter should I mention that this is an old debt that the SOL ran out in 1997 and It was A charge off on my credit for for 7 years. and can they put it back in my credit again i have kids going to college and I don't need bad credit. I appreciate you advice. Thanks Nikkidee

  4. #4
    Join Date
    Mar 2005
    Location
    Florida
    Posts
    435

    Default


    1. Sponsored Links
       

Similar Threads

  1. Collection Lawsuits: Statute of Limitations for Debt, Non-Community Property State, No Borrowing Statute
    By msnerd in forum Debts and Collections
    Replies: 2
    Last Post: 09-05-2010, 08:32 PM
  2. IRS Statute of Limitations for Tax Debt
    By mgould73 in forum Tax Law
    Replies: 3
    Last Post: 02-03-2010, 08:46 PM
  3. Tax Debt Statute of Limitations
    By xafmaj in forum Tax Law
    Replies: 2
    Last Post: 11-21-2008, 10:02 AM
  4. Collection Lawsuits: Statute of Limitations Help For An Old Debt
    By joeyjosef in forum Debts and Collections
    Replies: 1
    Last Post: 05-30-2007, 04:46 AM
  5. Collection Lawsuits: Statute of Limitations and Debt
    By livetest in forum Debts and Collections
    Replies: 3
    Last Post: 01-15-2006, 02:16 PM
 
 
Sponsored Links

Legal Help, Information and Resources