Ok so a bit of background info. This came up from Paypal dispute late 2007 for $390. It was basically an error on paypal's side and after many conversations with them I still could not get them to understand. They had a collection agency bug me for a while at the time. I did not respond to any of that because I felt I did everything in my power at the time to fix it. Anyways they eventually stopped calling and nothing was reported on my credit. I recently moved out here to CO and I started to get phone calls again. I had completely forgotten about this. Not sure how they found my address but they sent me a letter saying that Paypal was willing to accept 50% of the payment. Just a few questions. The statute of limitations would fall under FL guidelines right and not CO? Should I go ahead and send them a validation letter? Is this worth stressing over since it is a relatively small amount of money($390)? Should I just ignore it like last time? Not sure what my rights are at this point. I just do not want this to effect my credit. I have had no dings on my credit score over my life and I would like to keep it that way. Please advise!!! Thanks!
I wouldn't recommend just ignoring the collection again. DV the CA to protect your rights under the FDCPA and make sure they have the right to collect this debt, and then you can begin your negotiations with them if they're able to properly validate the debt. Also, I'm not exactly sure which state's SOL would apply to you in this case. The original contract you had with PayPal might state something specific, but they may also be able to sue in your current state, previous state, or the state they're incorporated in (whichever has the longer SOL). You should really consult a lawyer for any specific questions regarding which SOL would apply.
