I received a letter from a collector from a credit

I received a letter from a collector from a credit card closed from 2001. I went through a credit card consolidation in 2006 and have paid everything out. This one though must have slipped through the cracks. It is off my credit report, and it was from a charged off account. What are my rights? Do I have to pay this back? How do I deal with this collections agency?

4 Answers

I agree with my previous posters. If the SOL period hasn’t expired, then the collection agency can take legal action against you. To know about the Statute of Limitation (SOL), glance through the following link:
http://www.debtconsolidationcare.com/statute-of-limitation.html


Depending on your state and the date of last payment, you will have to decide if the Statute of Limitations or the SOL has expired. If the SOL has expired, you need not worry about this debt at all.


If the item has dropped from your credit report and the Sol period on the debt has expired, then you can ignore this debt mate. If the SOL period has expired, then the CA can't take legal action against you any more. In such a situation, you may not pay off the debt.


What state do you live in and what was the date of your last payment?

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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