Posted: 4/25/2006 2:55:51 PM EDT
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I've got a bro who recently rec'd a collection notice from a company that supposedly bought the 'debt' from another collection agency. He said the debt (around $200 bucks) was thought to have been charged off from 10+ years ago ? ? or longer How long can something like this follow you? I thought it was 7 years or so that something like this could haunt you? I know I've seen Links? posted before when this kinda question comes up but I'm looking for somewhere to send him for info. |
I believe you have to "reaffirm" the debt for the above to be true by acknowledging it or paying on it. Take a look at the FAQs at creditboards.com. They really know their stuff, but you have to wade through the acronyms, just like here. Give it some time and they'll get you squared away. bd |