I Have Received A Letter From A Law Firm Regarding Collecting A Debt I Did Not Reply Within 30 Day What Should I Do

[Ffodor]

usmc said: 1 Nothing, If they are serious they will contact you again. 55 months ago

[Jarrell]

I guess the question is whether you owe the money or not. In any event, if this is a debt that's more than 7 years old, by acknowledging the debt in any way may start the clock ticking again on the debt, since the statute of limitations is between 5-7 years, depending on your state laws. So if it's an old debt, do not acknowledge the debt. If you do contact them, tell them you know nothing about this and they should stop harassing you.There's a lot of collection agencies out there that buys old debt and then they try high-pressure tactics to collect anything they can.If it's a more recent debt, it's up to you how you want to handle it.Most demand letters try to get you respond by putting a deadline date on it. You could get a stream of 30-day demand letters. If they start calling you, you can demand they stop calling you.You could ignore any attempts to contact you until you actually get sued. Most companies don't waste their time actually suing anyone, but you never know.

[Wattesone]

Was the letter registered? If you didn't sign for it you should wait for their next correspondence. If you don't owe it you may want to gather your records and be ready for them when they call.

[Colfre]

Nothing, If they are serious they will contact you again.

[Alai]

Directmale said: 4 Was the letter registered? If you didn't sign for it you should wait for their next correspondence. If you don't owe it you may want to gather your records and be ready for them when they call. 55 months ago

[Callough]

DanZee said: 3 I guess the question is whether you owe the money or not. In any event, if this is a debt that's more than 7 years old, by acknowledging the debt in any way may start the clock ticking again on the debt, since the statute of limitations is between 5-7 years, depending on your state laws. So if it's an old debt, do not acknowledge the debt. If you do contact them, tell them you know nothing about this and they should stop harassing you.There's a lot of collection agencies out there that buys old debt and then they try high-pressure tactics to collect anything they can.If it's a more recent debt, it's up to you how you want to handle it.Most demand letters try to get you respond by putting a deadline date on it. You could get a stream of 30-day demand letters. If they start calling you, you can demand they stop calling you.You could ignore any attempts to contact you until you actually get sued. Most companies don't waste their time actually suing anyone, but you never know. 55 months ago