got one of those settlement offers out of the blue from a company called Portfolio Recovery Associates, they want to settle a 10 year old debt, well it's been 12 years since that credit account was delinquent,straight up.... I owed the money, couldn't pay it.......went away for a few years with out any correspondence from them now its back, I have been under the RADAR for like 10 years, no credit cards only a drivers license, I figured a lot of my bad debt would drop off after like 7 or 10 years. I have NOT pulled a credit report in all those years for fear the would share the info with the creditors and the calls, letters and harassment would begin all over again.....I an currently unemployed, no extra money and have no intention to pay anything back should I be worried, is this re-ageing, or are they just hoping I would pay it in fear of another black mark on my credit ? I prefer to stay under the radar far as long as needed and just pay cash for anything I need, all I did was get in trouble with credit cards before, so who needs them now ?? what should I do about Protfolio, just ignore them like I have in the past ??
It sounds like they are trolling old debts. They have recently started calling me from like 25 different phone numbers in reference to a supposed debt way past SOL. I wouldn't be too concerned -- at that age, it's not going to show up on your credit report. If it does, you could stand to make some money from the FCRA. Here's a tip: Most smartphones allow you to add numbers to a "do not disturb" list. Those callers just get dumped directly to voicemail without your phone ever ringing. I know you said you're broke and unemployed, so a smartphone probably isn't in your pocket right now, but it's handy to know for the future.
