if a purchased 8yr old debt ....?

Question

i left out an important word in my last question.the8+yr old debt was purchased and then made 3 times higher by collection agency who received inf from a nortgage co that received info on line.3 questions.1)should people be made aware of this mortgage co's practices.2)should the co that sponsoed them(lead point) also be made aware of their practices.3)personally,since they are not the original debt owner and have an expired debt and harrass anyway...can i do anything to stop them

Answer 1

Ignore them..
Don't answer letters..
When they call, tell them that "you" are out of town
and that they are talking to the brother in law who is
just house sitting..

Answer 2

The next time they call, ask where to send a stop and assist letter, stating that you do not owe any further dept to the company, since the time has expired, you no longer want to receive phone calls from them, they may still mail you after that, but you can then throw them away, Aunt use to work for a debt collection agency, like the one contacting you... hey it stops the phone calls... they can be so annoying

Answer 3

Contact the FTC fair trade commission, and also your state's attorney generals office...In fact, call the AG first--they'll have a separate office that handles stuff like this.
In IL, collection agencies are regulated by the Department of Professional Regulation--I can call there and see if a particular c/a is licensed to practice in my state--you'd be surprised how many ARE NOT!
Lots of things you can do---but start with the AG office first.
And keep all your correspondence, both FROM and TO all the parties involved and remember--it's always best to put your dispute in writing, sent certified mail.

Answer 4

Well, the original debt company doesn't really care how the issue is hamdled once they sell the account. I would advise you to pull your credit history to see if this is still on it. Some companies "re-age" debts and make it seem like you just incurred it, and that is illegal. Do not accept their phone calls, as they have tricky ways of making you acknowledge you owe the money, and once you do that it's all over.
Some companies say they are collecting for the original company, so make them be very specific about their claims.
In the US, each state has a statute of limitations for collections. MSN Money, and Liz Pulliam, have some great material on this,
Good luck!