Ask Experts Questions for FREE Help !
Ask
    GoddardJT's Avatar
    GoddardJT Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 16, 2007, 08:38 AM
    Old Debt 10 years
    I have recently started getting calls regarding a past debt of 10 years. They were bugging me so much and I was not sure if I was required to pay this because I was not 100% clear on when the statue of limitations began. I made a payment to them over the phone of $25.00 for a bill of $1600.00. After I made the payment of course I found out that I do not have to pay this because of the statue of limitations ran out for them. However, the gentlemen that keeps calling states that because I made a payment I have reinforced the statue of limitations. Is this True? Can they collect this debt from me through the court system or he is he just telling me this.

    Confused!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Aug 16, 2007, 08:41 AM
    Quote Originally Posted by GoddardJT
    After I made the payment of course I found out that I do not have to pay this because of the statue of limitations ran out for them.
    This is not true. If the debt was valid, then your obligation to pay NEVER expires. The only thing the statute of limitations does is prevent them from taking you to court over the debt.

    Quote Originally Posted by GoddardJT
    However, the gentlemen that keeps calling states that because I made a payment I have reinforced the statue of limitations. Is this True? Can they collect this debt from me through the court system or he is he just telling me this.

    Confused!
    This is true, by making a payment, you acknowledged the debt and started the clock again. They can now take you to court to enforce this debt.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Debt collection that is over 10 years old [ 3 Answers ]

I received a letter yesterday from a debt collection agency that said they had purchased an account on 12/21/06 that had a debt I owed to US Cellular for cell phone use. I thought there was some mistake so I called and was told this debt was dated 3/18/96 and was for $334.42. I had not heard...

Collection Agency - Over 2 years old debt? [ 4 Answers ]

Hi My parents received a call from a Collection Agency regarding ME They took the info and I called them Apparently over 2 years ago I had an outstanding bill with Bell Canada I asked the Collection Agency to tell me what was on the Bill They stated they only had a dollar amount and no...

Are you still liable for a debt that has been delinquent for over 8 years? [ 1 Answers ]

If a credit card account has been delinquent since 1998/99 and has been on my credit report for over 8 years, am I still liable for that debt? Shouldn't this debt be null and void? I noticed that every time this particular credit card debt is sold to another collection agency, it shows up on my...

Debt almost 10 years old [ 1 Answers ]

Hi I would like to know if debt old almost 10 years it is still valid.it is $1400 debt bought by afnicollection from verizon inc New Jersey.nowbody has contact me for 10 years now sudenlly I got this letter from them in order to collect this debt so what do I do> help me.thank you.


View more questions Search