Wednesday, October 27, 2010

What to do if a collection agency is sending you a bill for an old debt?

Question by chicken2008: What to do if a collection agency is sending you a bill for an old debt?
Ok this debt is from the late 90's. It is for a old department store card. It isn't on any of my three credit reports though. I don't know what to do in this situation. I know after so many years things fall off your report. Should I send a cashiers check in the amount and pay it. It is only for $ 301. Will this make a difference even though it isn't showing on my reports. Will it look good or bad.


Best answer:
Answer by RodgIf it's been more than 7 yrs (statute of limitation in Pa), the next time they call say, "nobody by that name lives here". Voila! Debt eaten by dept.

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