Re: Seven years up????????????

Posted by CardReport.Com on October 17, 2000 at 17:37:18:

In Reply to: Seven years up???????????? posted by Christine on October 17, 2000 at 17:27:29:

Yes, it is certainly possible that the collection
division of Equifax would take notice if a debtor
whose account they were handling requested a consumer
disclosure of his/her Equifax credit report. It
indicates that the debtor is concerned his/her
credit status (i.e. presence of bad debts on the
report), which could be used as leverage to encourage
payment.

The seven year time limit is for credit reporting
only (i.e. how long a credit bureau can list an
item on you report.) The statute of limitations
only disqualifies lawsuits filed after the SOL
expires.

However, there is *no* time limit on *requesting*
payment of old bad debts, via letters and/or phone
calls. The requests won't necessarily be very
vigorous, though.

Here is what to do:

Read our *Collection Agency FAQ*, in our *Credit Problems*

Send a response to the address on the collection
letter, clearly stating that you are on disability
benefits, absolutely cannot afford to pay, and,
as per the FDCPA, you are ordering them to stop
contacting you. Hopefully, they will get the point,
and move on to some better target.

Good Luck.

Follow Ups:

Post a Followup