A friend told me that it is not smart to pay the typical debt collector. Some of the reasons he gave were as follows: A. Even if you pay him every penny he seeks, he cannot discharge or cancel the debt. B. He is not the Holder In Due Course. C. He is not even the Holder of the Note and cannot return the original note to you. D. Paying him any money at all can reset the Statute of Limitations. He also said that the name "debt collector" is actually a misnomer, as the typical so-called DC is only seeking to make a profit and is not interested in, nor even able to, actually collect for a genuine debt. He gave other reasons but I cannot remember them right now. If any of you knowledgeable ones out there care to add to the above list, by all means PLEASE DO.
I would take a look at this thread, it has your answer in as many words as I can type but much clearer: http://consumers.creditnet.com/stra...ad.php?s=&goto=newpost&threadid=25499&pgnum=1
I agree. They really have no proof that the accounts are yours. They try to scare you, intimidate you, just to get you to sign something or make a payment that can restart the SOL.
