I'm a California resident. Last pay on debt 04-1998 I notified Cra's numerous times that this debt had been re-aged. Original creditor had it coming off in 2005. Collector changed fall off date till 2007. I also sent the cra's a copy of the original creditor's trade line showing the fall off date. They stated the collector could only change info. Cra's did numerous investigations Collector said item should remain. I contacted collector and asked why they re-aged and why they're not changing the info? They stated it was the cra's mistake. They provided no explanation. They then offered to settle with me paying principle only. I received a letter today stating, "We will accept $$$.$$ to pay off your department store debt. Upon receipt of funds we will forward you a settled in full statement and notify the three credit agencies to remove any and all derogatory info pertaining to this account." I know the statute is up. This account is screwing my score. What can I expect after paying if I do pay? What option(s) are available to me? Do I have any fast recourse? Or, legal threats to get item just deleted without paying? Will I be haunted by the remaining portion which is interest? Have I extended the statute by speaking with them? I've put nothing in writing. I just want this off my report and don't want it to show up again. By the way, I just received a letter from an agency hired by the collector stating that I have an obligation to pay this debt. There requesting the whole amount. I guess by me contacting one collector the assigned or asked another agency to assist... Please provide any and all assistance. I greatly appreciate your help..
I wouldn't pay those suckers a dime. If its past SOL you have no legal obligation to pay them other than moral. Its time you learned how to use the court system. Under the FDCPA, misrepresenting the character of a debt is punishable by a fine of up to $1000 in addition to applicable california state laws and penalties. As many times as the CRA's hae verified, I don't see how the CA can claim a bona-fide error.
What can I expect after paying if I do pay? banko A continuation of the same problem and greater difficulty getting it resolved.
It's all in writing, that they wont resell it and they're changing the letter to read, "paid in full." tell me what to expect. Ive read that you must get everything in writing. Are they just blowing smoke?
Paid or un paid a collection is a collection is a collection and screws your reports just the same either way.
1*I've read that you must get everything in writing. Are they just blowing smoke? 2*tell me what to expect Originally posted by banko ======================== 1*No they're not blowing smoke! That's not the problem. The problem is that what they are giving you in writing is worthless. 2*I told you what to expect in another post - As a reminder here it is again.A continuation of the same problem and greater difficulty getting it resolved. The END **************
