Asset Acceptance seemed a little werid when I was speaking

Why do you need to pay this bill when no company can legally force you to make the payment? This debt is out of the SOL period if you haven't done any payment in the recent times. The CA is insisting you to show some activity so that the SOL gets renewed and you will be brought back under legal collections. They are aware of this fact thinking that you don't know about the fdcpa laws.

You can resolve this matter and stop the collection agency from contacting you by sending a cease and desist letter. If you want them to contact you only through mail, mention it in writing. Once they have received your letter, they must stop all phone calls to you. Also, ask them to send the debt validation of this account. You will get the complete details of the debt and later you can notify them in writing about the expiry of the SOL period. Do everything in writing so that you have proof of everything. If this company tries to take the matter to the court out of your ignorance, you need to prove your efforts in front of the judge.

Arden, you should always pay your debts back. Its a moral high ground. Taking somehting and not paying for it is called stealing. Saying that a collection agency was mean to you doesn't mean you don't owe for somehting you took.

Also, a CA can contact you one more time after recieving a C&D letter. To state the intentions of the agency and provide you one more opportunity to pay the debt.

Normaly when agencies recieve these they either send it back to the client who will then send it to another agency or they will sell it to someone else.

maymie00, if you can't make the payment then you can't do it. Hopefully your situation will improve one day and you can pay the debts you signed up for.

Things can stay on your credit report for more than 7 years also. It all depends on what the debt is and how badly the creditor wants to punish you for not holding up to your side of the agreement.

FYI, you are right but according to the situation put by maymie00, he/she may not be able to pay this debt. Under such circumstances, I have suggested the things which I should have normally done. I know that paying off the accounts must come first in mind in order to improve the credit slightly.

maymie, what state are you in? The SOL is different for every state.

Arden are you aware that some states have a 10 to 15 year SOL for written/promissory contracts?

Also, Maymie---how much is this debt? I don't think you mentioned it.

Okay guys first of all the debt is or was around 400. because of interest it had jump to 870. I am also in Texas which the SOL is 4 years, I actually was going on a payment plann to pay this off, had an emergency and it was two weeks before I was in contact with this man, now he is treating me like Sh** excuse me for that, and he took the deal away. Which they can do what ever they want. Point is I think until I know I can pay for the whole thing I am going to ignore his calls, I could make small payments but because I didn't do it the day he wanted me to because I had an emergency and my life is more important then this he won't make the sum smaller, so that I can make this work. Oh and I am a girl

Just mail in the payment to the agency. It will be posted to your account. Just because the collector is being a jackbutt doesn't mean that any payment you make wont go twards your account. The most common thing I hear at work from collectors who don't make it are the words "Thats not acceptable", which usualy translates to the debtor that any payment made under the payment plan the collector provided will not be posted to the account or won't matter so then the debt proceedes to never get paid.


I work with a lot of collectors who's accounts I eventualy take over and get arrangements for payments in full. Why? Because I know that by law any payment you send in will be posted to the account and it's to my benifit to have arrangements in file that are work able because it prevents me from getting back a lot of NSF checks. I usualy get 3 returned checks out of an entire month. I'm told that's fairly unusual to have such a low rate but I don't see the point in me having to chase someone back down to recover a NSF when I could have gotten something more workable in the first place.

The only benifits to you for a payment arrangement on files is that you won't recieve any more calls. Which to most people is an extremly positive benifit because people don't like to be reminded constantly that they are behind on their bills. Well there is also the fact that it could get the bill paid sooner than later.

But don't feel pressured to do somehting you know you can't do. It causes a lot of chaos on both ends.

Maymie, you said this was a debt from HS, right? If you were under the age of 18 then you were LEGALLy UNABLE to sign a contract. And beside the debt being out of SOL it is not a legally binding agreement.