How should I deal with my debt?
Date: Fri, 03/18/2011 - 11:37
I had debt from an auto loan in Utah for $1,600. A payment hasn't been made since November of 2007. I also received a 1099c for the year 2010, but they collection agency is still trying to collect on the $1,600, they don't own the account but they are trying to collect for the bank. What should I do pay the $1,600 or wait until its wiped off my credit in a couple years?
You can wait until the SOL runs out or you can have the collecti
You can wait until the SOL runs out or you can have the collection agency validate the debt.
The SOL has not run out....you could risk being sued. It wont c
The SOL has not run out....you could risk being sued.
It wont come off your credit report until the 7 year mark.
What happens after the credit agency validates the debt?
What happens after the credit agency validates the debt?