Tag Archives: old debt
- The Collection Company Keeps Reposting My Old Gym Membership. – Sherri
“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 [...]
- A Collection Company is Trying to Collect a 10 Year Old Debt With a Small Balance. – Melissa
“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. [...]
- I’m Paying Off Old Collection Account But I Want Better Credit So I Can Buy a House. – Angie
“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 [...]
- Bill Collectors Are Trying to Get Me to Pay for a Lease From 20 Years Ago. – Tom
Tom wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- How Do I Make the Collector Go After My Ex-Husband For His Debts Instead of Me? – Sarah
Sarah wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Do I Pay Off Old Debts First or New Debts First? – Jeanette
“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” The Answer: Dear Jeanette, It does not matter what debts you pay off first, unless the old debts are in default, if they are, pay [...]
- Am I Still Responsible for My Old Debt? – Rachel
“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 [...]
- Like Five Years Ago I Had a Discover Card and Now I’m Being Sued. – David
“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 [...]
- Can the Creditor Start the Clock on My Debt All Over Again? – Deb
“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 [...]
- I Just Got a Call From a Debt Collector On a Eight Year Old Debt. – Destiny
“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 [...]
- They Say I Owe Magnolia Hospital a Debt From Twelve Years Ago. – Shelley
Shelley wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I’m Trying to Clear Up My Husband’s Credit Report With Citibank. – Shelley
“Dear Steve, I am trying to clear up my husband’s and my credit. However we have one old debt, CitiBank credit card that is giving me problems. We opened this account when we lived in California so sometime between 1997-2001. I don’t remember when I just remember that we lived in California. We also still [...]
- I Am a Victim of Bank Account Fraud. – Amy
“Dear Steve, 23 years old…fraud on bank account (police did nothing about)…college tution I need to get my debt straighten out, i’m really not for sure what all i need to pay. i have no credit cards and own nothing, so how do i find out what i owe and my best option on repaying [...]
- Midland Credit is Trying to Collect an Old Debt. – Tina
“Dear Steve, Midland credit trying to collect on an old account that I think is over 6yrs old. Also I live in TN. Since the acct is old how can I find out the details about it? I haven’t heard a thing about this acct is several yrs until today. They clam I owe 9k [...]
- Should I Bother to Payoff Old Debt to Improve My Credit Score? – Kristen
“Dear Steve, I have recently started to pay down some of my old debts, but have become somewhat skeptical of how effective this tactic is in regards to improving my credit score. I have heard a wide variety of things from different people. My question is, if the accounts are already in collections and they [...]