I have received numerous letters from lawyers and CAs for debts that had been charged-off. These letters said that I have to respond within 30 days or it would mean that I am not disputing the debt. I have not responded to any of them and, generally, they have not written back. Also, they have not been able to contact me because current contact details are no longer in my credit reports. The debts are all past SOL by now and have been passed from one CA another. Some of these CAs still show up in my credit reports with recent inquiries (makes me think they are still looking for me).
I want to know if I'm in trouble for not responding to these letters long time ago. Did my failure to respond give them eternal right to sue, or am I now protected by SOL? What should I do if one of these CA's call me regarding these 8+ year old debts?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.