I just found this website and am hoping that someone could help point me in the right direction, as from what I have read, you really want to make sure you do things in the correct order and manor so that you are protected.
My spouse and I would like to buy a house in the near future, but she has old debts that are still in collections. Most of these debts are from at least 7 to 10 years ago, which she just ignored and never took care of. A lot of them are small debts that are under $500.00. They will go away for a while and will then pop up years later with some other agency. Is this legal for them to do?
My question is, where do I need to start? Do I need to dispute them with someone? What kind of letter do I need to send so that all of my bases are covered? Honestly, these things have been sold and re-sold so many times I don't even think they could prove the debt.
Also, we have recently received a couple of collection letters from CA's (for some of the newer debts) to settle the debt for less than is owed. Is this something we should do?
Thanks in advance for all of your help. :D
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