Can A Collection Agency Harass You For Ten Year Old Credit Card Debt.?

[regenweald]

[watson]

[claudius]

I smell a trick. I am not a lawyer, but I think they will use it as grounds to open a case and put it on your credit report. The duel is not between you and Sears anymore and they can't take the "debt" back to Sears and their $2 back, so who are they going to show the notarized statement to? Themselves? You already told them it wasn't yours. Don't spend your money on a notary and postage, especially since they are probablly going to use it against you somehow.   Raxxillion 37 months ago

[muata2]

Dealt with that company many times. I had paid them off before I learned that I didn't have to. Then here comes the kickers: Portofolio Recovery sent me a 1099 making me have to pay the taxes on the difference in the amount of the "pay off" vs "the alleged amount I owed them", next(they don't tell you) but this stays on your credit report(as it is still a "bad debt"), finally they called me 5 years later trying to collect the debt again. Just throw their correspondence in the trash, and tell them not to call again(don't saying anything else, even trying to say the debt isn't yours will let them twist it into opening a case) and hang up. They aren't allowed to call again after that.Portfolio Recovery is a parasite. This is their system: buy a supposed debt worth $1000 for $2. Next, try to collect the $1000, but if not talk the person down to say $300. Since they can "claim a loss" of $700 on the debt, the $300 is pure tax-free profit. Wash, rinse, repeat. Sorry they are on your credit report, but they won't go away for seven years, even if you pay them, so don't impower them anymore.   Raxxillion 37 months ago

[Ephrain]

They're creeps, but they certainly don't want to waste their time harrassing the wrong person. Tell them to stop calling you, because you're not the person with the debt, plus they HAVE to stop if you ask. Let them know that you know that's illegal for them to continue. Once they realize that(1) They can't squeeze anything out of the wrong person and(2) It might even COST them money, a fine, if they contiinue to do so, you won't ever hear from them again!   Ancient_Hacker 37 months ago

[tahmelapachme33]

Very good. You have done what needed to be done, it sounds like.   dougiedognabit 37 months ago

[Wanikiy]

You are welcome.   Gary4books 37 months ago

[Yaron]

I believe it depends on what state you reside in. I heard Clark Howard discuss the issue on talk radio and he emphasized "not" sending any payment which could invalidate the statute of limitations.In other words the debt period would start anew.   dougiedognabit 37 months ago

[Whitlock]

Yep, they are the worst of the worst because they actually "know what they are doing" when it comes to stealing money through bullying, while staying just shy of being illegal. That's why you have to be careful even talking to them. Even saying something like "I paid that account off"(which I did in one of my battles with them) let's them twist it to: "So this was your account, but you paid it completely?" Me: "Yes, but it's paid." Then their line:"Well. I have your voice recorded as admitting this is your debt, the company says you never paid, so unless you have proof, you have to pay it."   Raxxillion 37 months ago

[Sleven]

They may say they want to settle for $200. When they get any sum - even one cent from you, the debit is updated and the ten years does not count. You owe the total amount they claima nd they can sue you for it.Do not send them any omoney or say you owe any money.   Gary4books 37 months ago