Receiving collection calls from an unknown number. What should be my first step? A lady is calling every day for an old debt. It is a for a credit card that mom used 8 years back.
Check
the SOL period of the debt first in your state since 8 years is a long
time. If the SOL period has expired, then there is no need to
acknowledge the debt. The debt should not be in your mom's credit report
also since 7 years have passed. Who is this lady by vthe way? What is
the name of the debt collection agency.
Check
out the whether the debt is valid and check out the SOL period. Do not
start paying any cent before you're sure. Doing so, it may start the SOL
all over again.
Hey
vextra! Have you checked the statute of limitations (SOL) in your state?
If the debt has crossed the SOL, you aren't bound to pay off that debt!
If the debt hasn't crossed the SOL, ask for a debt validation letter
first. If the debt is genuine, the collectors will send you a debt
validation letter asap! But make sure not to pay off anything till the
time you receive the debt validation letter.
Sub: #1 posted on Wed, 08/05/2020 - 23:21
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Sub: #2 posted on Fri, 08/07/2020 - 08:04
Industry Expert
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Sub: #3 posted on Sun, 08/09/2020 - 21:40
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