How should I deal with my debt?
Date: Wed, 03/09/2011 - 16:32
I have a debt of $1,600 from a auto loan that i took in 2003, I didn't make a payment on the account for several years. I recently received a 1099c from the bank that gave me the loan, but i've been contacted by a collection agency that doesn't own the debt but is collecting on behalf of the bank. I have talked to the bank and they will not report it as "paid in full" if i settle with them. What is my best option? Wait for the statute of limitations? Pay the full amount owed, or agree on a settlement? Does a 1099c take away the banks right to collect?
What state do you live in? What is the date of your last paymen
What state do you live in? What is the date of your last payment?
I live in California, but the got the loan when I lived in Utah,
I live in California, but the got the loan when I lived in Utah, The last payment was on Oct 2007. Thank you!
