Midland Credit Management recently left a message for me to call back. I know this is for a credit card debt from several years back and according to a credit check that was performed while applying for a job I was told that I had no credit history, nothing good nor bad listed.
Now according to what I understand the Statute of Limitations for my state regarding credit card debt is 6 years. Also since there's no listing of the debt on my credit history can I assume that it's been at least 7 years since the incident in question?
I've read stories where people have paid off debts but are still harrassed by debt collectors on the paid off debt. What steps should I take to insure that if I pay the debt off that this sort of thing won't happen. Also are there any adverse affects that this can have?
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.