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 Posted: Fri Dec 01, 2006 7:23 am |
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I recieved a letter from First National
Collection Bureau, Inc. which states that they are trying to collect $87.37 for an old Fashion Bug account and includes the account #. I don't know if I should pay the account or not since this account is 10 years old and not on my credit report anymore?
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msrenda
Joined: 01 Dec 2006
Posts: 2
Debtcc Points: 71
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| Posted: Fri Dec 01, 2006 7:31 am |
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Send them a debt validation letter certified mail with return receipt. This account is definately out of staute of limitations. The collection agency may report it to the credut bureaus. If you make a payment, you will start the 7 year clock again. Always make a collection agency validate the debts in question.
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3164
Debtcc Points: 45626
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| Posted: Fri Dec 01, 2006 7:34 am |
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NO NO NO do not reaffirm this OLD debt. send this collection agency a debt verification letter (you can find a template letter on my blog site) this will most likely shut them up. There are collection companies out there who buy junk debts. Do not re-open this collection or debt whatever you do and do not contact besided a DV letter this agency. BTW does Fashion Bug still exsist. I ocassionaly get a collection letter for a debt 10 years ago for Lerner, which went bankrupt in 89.. soe my answer is NO do not pay anything
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PDLFREE
Joined: 07 Oct 2006
Posts: 1266
Debtcc Points: 18244
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| Posted: Fri Dec 01, 2006 7:52 am |
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Thanks. I don't know where to get the debt verification letter on your blog site. I'm a little blog illiterate
Yes Fashion Bug still exists, I just looked it up. 1996 was when I opened the account, I'm sure the last time it was paid was 1997 and I completely forgot about it.
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msrenda
Joined: 01 Dec 2006
Posts: 2
Debtcc Points: 71
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| Posted: Fri Dec 01, 2006 12:11 pm |
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If it is your debt you should pay it. If it isn't then you need to make them aware they are contacting the wrong person.
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FYI
Moderator
Joined: 18 May 2006
Posts: 1724
Debtcc Points: 16372
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| Posted: Fri Dec 01, 2006 7:17 pm |
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Don't send them a dime. If it is 10 years old it cannot be on your credit report, unless you pay the collector something. It is also probably out of the statute of limitations.
_________________
Register today to cash in debtcc points.
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tntx
Guest
Debtcc Points: 100
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stanley
Moderator
Joined: 30 Sep 2005
Posts: 1716
Debtcc Points: 251
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| Posted: Sat Dec 02, 2006 3:39 am |
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How did you find out those threads stan 
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stella
Joined: 07 Dec 2005
Posts: 513
Debtcc Points: 6104
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