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Stop collection agencies to call & receive credit report

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moslehpour

Joined: 23 Sep 2008
moslehpour's page
Posts: 1

25 Magic Points

Subject: Stop collection agencies to call & receive credit report

Tue Sep 23, 2008 12:46 am

I had some bad debt 15 years ago, debt no longer appears on my credit report, but collection agencies still call me & received copies of my credit report, how do I stop them for call me & getting my credit report?

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 530

13560 Magic Points

Tue Sep 23, 2008 8:50 am

Since the debt has already 15 years old, the Statute of Limitation on the debt has already expired and you are no longer liable for the debt. Even if they pull out your credit report and it gets listed as hard inquiry in your report, it can be removed because the inquiry is unauthorized. Moreover, if they call and harass you, you should immediately file a complaint with the FTC and the state AGs office in writing. You should never pay off any amount for this debt, because although you are not liable for the debt now, if you pay even a small amount towards the debt, the Statue of Limitation on your debt will rewind and you again become fully liable for the debt and the creditor can sue you to the court and bring judgment against you to recover the entire debt. So never pay any amount towards the debt which has already crossed the SOL.
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Best Wishes
Justin

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 420

10865 Magic Points

Tue Sep 23, 2008 11:10 am

You should never pay back a debt which has passed the SOL. SOL ranges from 3 years to 15 years depending on the state you have signed the loan agreement. Now since the debt has already been removed from your credit report, it makes no sense paying it off. You can choose to disconnect the phone as soon as you find them calling. Moreover, as Justin said, if you find any hard inquiry in your report made by them, you can send letters by certified mail telling them to remove the unauthorized hard inquiry listing. If they do not remove the listing, you can threaten to contact the state banking commission and file a complaint against them. In most cases they remove the listing from the credit report.
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Where there's a will, there's a way !!

carol

Joined: 27 Jun 2006
carol's page
Posts: 459

12271 Magic Points

Thu Sep 25, 2008 12:04 pm

Since the debt is 15 years old, you are no longer liable to the collection agency for the debt because the statute of limitation has already expired. So you should not pay off the debt even if the collection agency calls you up again and again.
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Keep in touch
Carol


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