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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

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 … Read more

They Say I Owe Magnolia Hospital a Debt From Twelve Years Ago. – Shelley

Shelley “Dear Steve, I received a letter today (6/3/2009) supposedly from an attorney in Mississippi. I live in Tennessee. The letter says that I owe Magnolia Hospital $642.59 from 1/1997. It says that the amount is plus interest. This was 12 1/2 years ago. I was certain that this bill was paid following the birth … Read more