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Credit card debt gone after 7 years?
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Let's say that someone owe's a lot of money to credit card companies and decides to stop making any payments on the debts for 7 years. After 7 years is the debt forgiven, the credit report wiped clean of the debt, some combination of these two, or none of the above?
Debt collection that is over 10 years old
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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?
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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...
Contacted by debt collector after notification that debt was not valid
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I was contacted by a debt collection agency by phone stating that I owed $686.00 from 1991. I returned the call to find out what this pertained to and the gave me the name a store credit card that I had at that time - during that period my ex- husband filed bankruptsy and all accounts ( personal...
Question #2 Debt Validation: Should I wait out and old debt?
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Hi, Concerning the Debt Validation / Verification process: If a debt is due to expire (over 7 years old) in a couple of months, is it better to validate /verify it; or wait it out and then get it removed - that is, will the act of verifying the debt renew the life of the debt if it is proved... View more questions Search
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