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    martinm's Avatar
    martinm Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Dec 16, 2010, 03:49 PM
    20 year old debt... can I be hurt by it?
    Snap-on tools credit called me and said I owe them money from a 20 year old debt
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Dec 16, 2010, 03:50 PM
    Depends on where you are located.
    martinm's Avatar
    martinm Posts: 5, Reputation: 1
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    #3

    Dec 16, 2010, 03:54 PM
    Quote Originally Posted by Curlyben View Post
    Depends on where you are located.
    California
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #4

    Dec 16, 2010, 03:55 PM
    Well it would clearly be over the states SOL, but that doesn't mean the debt ceases to be, just they cannot take legal action to enforce it.

    Clearly you will NOT be able to get further credit from these people for anything else, but other than that, there's nothing they can really do.
    martinm's Avatar
    martinm Posts: 5, Reputation: 1
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    #5

    Dec 16, 2010, 04:11 PM
    Quote Originally Posted by Curlyben View Post
    Well it would clearly be over the states SOL, but that doesn't mean the debt ceases to be, just they cannot take legal action to enforce it.

    Clearly you will NOT be able to get further credit from these people for anything else, but other than that, there's nothing they can really do.
    I understand... thank you very much... happy holidays:):)
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #6

    Dec 16, 2010, 04:53 PM

    Hello m:

    It's true. They can't sue you... But, they certainly can hassle you about it, and are, apparently, going to do just that.

    excon
    martinm's Avatar
    martinm Posts: 5, Reputation: 1
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    #7

    Dec 16, 2010, 05:54 PM
    Quote Originally Posted by excon View Post
    Hello m:

    It's true. They can't sue you... But, they certainly can hassle you about it, and are, apparently, gonna do just that.

    excon
    Tks
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #8

    Dec 16, 2010, 06:01 PM

    Hello again, martin:

    My answer needs an addendum. The Fair Credit Reporting Act does offer some protection for you. If they really DO get involved in your life, you can send them a demand letter to cease and desist, and they must comply. If it get's to that point, send your letter certified, return receipt requested.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #9

    Dec 16, 2010, 06:06 PM

    That is of course unless many years ago, they already got a judgement.

    Also was it a personal debt or was it from a business you had that was corporation perhaps ?
    martinm's Avatar
    martinm Posts: 5, Reputation: 1
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    #10

    Dec 18, 2010, 03:59 PM
    Quote Originally Posted by Fr_Chuck View Post
    That is of course unless many years ago, they already got a judgement.

    Also was it a personal debt or was it from a business you had that was corporation perhaps ?
    Personal
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