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Tag Archives: old debt

Getting Ready to Buy a House and an Old Debt Has Resurfaced. – Sara

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I have recently cleaned up my credit report as I’m getting ready to buy a house. I was contacted by a third party collection agency to pay an old written-off debt to a bank from 2005. I live in WA state. Isn’t the statute of limitations up on this debt? Do I still have to pay? Do I ... Read More »

It’s Not Fair That I’m Paying Back Really Old Debt. – C

money down the drain

“Dear Steve, A divorce in 2005 caused a significant nose dive to my credit. I am now financially secure to pay my creditors (department cards, one revolving bank card, student loans). 2005 seems to continues to haunt me. I had two major credit cards default. Both card account are no longer on my credit report. Card #1 I have made ... Read More »

I Was Homeless and an Alcoholic and Have Some Debt. – John

man - elderly

“Dear Steve, I was homeless for a long time & had a drinking problem iv gone through some programs in one now that helps with rent. im 65 & on a fixed income of 730.a mo. letters say i owe 900 to a co. down so. i know theres more cant get a debt list. an dont know how i ... Read More »

My College Related Debt Creates a Lot of Anxiety. – David

stressed man

“Dear Steve, During college I moved out with a friend, which went sour and I end up owing about $1,200 when I had to move out because she didn’t pay. Then my father, who had promised to help me with school went on disability and I couldn’t afford my apt and bills. After this I decided to continue on with ... Read More »

Can a Debt Collector Change the Default Date on My Account to Report It On My Credit Report? – Elizabeth

justball-144x125

“Dear Steve, Got into financial trouble with ex-husband 12 years ago. Some joint accounts were not closed prior to divorce and as a result did not get paid. I am receiving collection notices for accounts that have fallen off my credit report and over 10 years old. Can these “new” collection people report this on my credit report? If any ... Read More »

The Collection Company Keeps Reposting My Old Gym Membership. – Sherri

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“Dear Steve, In 2005 I stopped a gym membership after one year. I did not realize it was a two year contract. My daughter had passed away and I was not going to the gym or anywhere else. The collection agency adds a couple dollars to the debt each month and re-posts to my credit history. Will this debt stop ... Read More »

A Collection Company is Trying to Collect a 10 Year Old Debt With a Small Balance. – Melissa

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“Dear Jeremy, Had a $300 balance on a credit card which was paid off from funds from a refinance 10 years ago. The payment was dispursed along with other payoffs. The payoff was sent directly to the credit card company and not the collection agency that was trying to collect the funds at the time. Now I am receiving calls ... Read More »

I’m Paying Off Old Collection Account But I Want Better Credit So I Can Buy a House. – Angie

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“Dear Steve, Have several old collection accounts (most are over 2 years old). Also had late vehicle payments. Have since paid off the vehicle and bought another, which I am current on. Have paid off 3 other old collections, but still have about $3000 worth of debt. My score was around 590 a few months ago. Since then I have ... Read More »

Bill Collectors Are Trying to Get Me to Pay for a Lease From 20 Years Ago. – Tom

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Tom “Dear Steve, I was evicted from a home in New Jersey 1989 and this week I get a letter from a lawyer stating that he represents the owner and wants me to send him over $5000.00 to settle debt with interest. He also states that “”Failure to do so may leave us no choice but to move to litigation, ... Read More »

How Do I Make the Collector Go After My Ex-Husband For His Debts Instead of Me? – Sarah

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“Dear Steve, I have made mistakes in the past with bills. I really didn’t care about my credit. I am now 32 and have a credit score of 545 and have woke up to my stupid past. I have 14 derogatory things on my credit report. Most of them are not even over 300. I am making payments on 4 ... Read More »

Do I Pay Off Old Debts First or New Debts First? – Jeanette

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“Dear Steve, I am trying to get my financial house in order, I must work on cleaning my credit. Shall I pay off old debts or new debts first? Jeanette” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. ... Read More »

Am I Still Responsible for My Old Debt? – Rachel

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“Dear Steve, When I was 18, I had 2 Visa credit cards. I maxed them out within the first year, not realizing the consequences. Now, 11 years later, a collector that has purchased the debt has sent me a letter saying that I have 45 days to pay or make payment arrangements. The last payment that I made was 10 ... Read More »

Like Five Years Ago I Had a Discover Card and Now I’m Being Sued. – David

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“Dear Steve, Like 5 yrs ago I had a Discover card for 2500.00. I paid about 1100 of it then no work. Paid another 700 to collection agency through direct deposit every mo. in the amount of 70 dollars. At the end of the year my balance was higher with interest and penalities. Now I am being summoned to court ... Read More »

Can the Creditor Start the Clock on My Debt All Over Again? – Deb

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“Dear Steve, About 7 years ago I went through a nasty divorce. I ended up signing paperwork to just leave with my children and not pursue any compensation from marriage(of 11 years). A few months later, the nightmare began. I didnt realize I also was responsible for debt that had my name on it. I was a single mom, making ... Read More »

I Just Got a Call From a Debt Collector On a Eight Year Old Debt. – Destiny

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“Dear Steve, I got a phone call from a collection agency the other day. They told me I owed over $300 on a phone bill from over 8 years ago in Kansas. My husband and I used cash to pay all of our bill back then and I know we paid our phone bill. I never got any kind of ... Read More »

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