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

“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. … Read more

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

“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 … Read more

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

“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 … Read more

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. … Read more

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 … Read more

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

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 … Read more

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

“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 … Read more

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” Dear Jeanette, It does not matter what debts you pay off first, unless the old debts are in default, if they are, pay those off … Read more