Hello all, Been away for awhile, but I've been building up my credit fairly well thanks to the advice of the awesome members of this forum! So, I got a letter in the mail today from First National Collection Bureau, Inc. for a debt from Boulder Credit Services (Compucredit Emerge) for the amount of just over $2,000. This debt does show up on my credit report, and I vaguely remember it as a credit card with a limit of $500 from years ago (it's been so long, that I really cannot be sure though). So, I called the phone number on the letter, and got a wonderful (cough) woman who told me that it was a Mastercard from 2005, and the last payment was in 2004. I proceeded to tell her that I didn't know if it was mine because 2004 was almost a decade ago. I then told her that if the debt was mine (still did not claim ownership) that it was well beyond the SOL in my state, and that there was no way I was going to pay her $2,000. She then said "ok sir" and hung up. So, what do you think my next steps are? I know that it isn't going to be removed from my CR just because I told her I'm not paying. Should I keep calling and offering a lowball amount? I've never dealt with a zombie debt, so I don't know what I should do next. Thanks all!
Well since its been 7 years since your DOFD (I'm assuming if your last payment was in 2004) you should just be able to dispute. It's not relevant since its so old and it shouldn't be reporting.
Last payment was over 8 years ago and this STILL is listed on your current reports? Tell them to read section 605(c) of the FCRA while they're writing you a check.
Derp...sorry. Just pulled my CR again and it does not appear on EQ, EX, or TU. Therefore I assume that even though they are trying to collect, I don't have to pay them. Am I wrong here? Is this something that could start reporting in the future, or should I just forget about it?
If they aren't reporting (and can't because of the reporting time-tables), *I* would send them a validation letter (they won't be able to validate because of the OC's document retention periods, more than likely), and *I* would put them on notice if they assign or sell the account, *I* will see them in court for violating the FDCPA.
