2006-08-25 11:56:01 · 10 answers · asked by Wise ol' owl 6 in Business & Finance ➔ Credit
Not trying to get out of paying a debt. A lawyer contacted me about a twelve year old debt and claimed to have the ability to attach my wages unless i pay in full. (Which I told them I can't) And furthermore dispute the debt. (It was a hospital.) I did file bankruptcy way back when but am not sure what was discharged because of it. I had no credit card debt. Only hospitals because I was shot and had no insurance. According to the three major credit reporting agencies, I have no debt outstanding. Out of the blue, a law firm contacts me to tell me that I owe this debt. I did not respond to them immediately, but when I did, they told me to either pay in full or they will garnish my wages and confirmed my place of employment. When they asked would I pay this off, I told them that I disputed the debt and needed proof. They responded that they intended to garnish my wages.
2006-08-25 14:01:13 · update #1
You should check to see what the statute of limitations is in your state. The limit likely has expired, meaning they have no legal grounds to sue. Also, if the debt is that old, you should dispute the record with the credit bureaus. They should remove debts that old.
This article describes the reasoning for their actions. Don't let them take advantage of you.
2006-08-25 13:33:05 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Only in a bankruptcy is debt cleared legally. You don't stop owing it just because you have managed not to pay it for 10 years.
Try doing some research via google. Try keywords, Federal Credit Laws.
2006-08-25 19:01:57 · answer #2 · answered by Deb 3 · 1⤊ 0⤋
just because a debt has fallen off your credit report, that does not mean the creditor has to stop trying to collect. Since the debt is so old, they won't be able to sue you for the money. Don't pay anything and don't let them scare you.
2006-08-25 21:44:17 · answer #3 · answered by bella_4624_19 4 · 0⤊ 0⤋
The statute of limitations for collecting a debt is not related the the reporting rules for credit reports. I can't look up the statute of limitations without knowing where you are.
2006-08-25 19:36:04 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
if you send a letter to the three big credit report services stating that the debt is non-existent, the company that you owe has thirty days to prove and state otherwise. if they dont do it in the time period, they must legally remove your name
2006-08-25 19:03:51 · answer #5 · answered by brandoncutlip 1 · 0⤊ 1⤋
The statute of limitations is 7 years, If they haven't contacted you for over 7 years it's no longer active. If they take you to court, you will win. You don't have to pay.
2006-08-25 19:03:58 · answer #6 · answered by DeAnna 5 · 0⤊ 2⤋
Girlwhoknowsitstrue got it right, except for one thing. Under some circumstances, it is not 7 years, it is 10 years. Be careful.
2006-08-25 19:02:32 · answer #7 · answered by KALEL 4 · 0⤊ 1⤋
if you owe money sooner or later you will pay especially if you plan to have more money..(buy a house,get your own business, etc)
even if you die you will pay...
2006-08-25 20:50:12 · answer #8 · answered by Anonymous · 0⤊ 0⤋
nope, after 7 years they can't touch you UNLESS you decide to do something stupid and pay one nickel on the debt, then it gets re-aged to brand new. SO DON"T PAY!!!!!!!!
2006-08-25 18:58:37 · answer #9 · answered by Anonymous · 0⤊ 2⤋
You owe the money, pay up.
2006-08-25 19:01:29 · answer #10 · answered by ? 6 · 0⤊ 1⤋