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Your original debt was with the original creditor. Research the Fair Debt Collections Act. It will protect you against these creditors or if not call me and I will provide you information on a weekly conference call where you can find out your rights and ask questions.

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Q: Can a third party debt collector collect on a debt over 9 yrs old if 1 small payment was made?
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THERE IS A STATUTE OF LIMITATIONS ON BAD DEBT ACCOUNTS. IF YOU MAKE ANY PAYMENT ON THE ACCOUNT THE THE TIME PERIOD STARTS FROM THE THE DATE OF THE LAST PAYMENT. BE CAREFULL COLLECTION AGENTS WILL ASK FOR A SMALL TOKEN PAYMENT SO THAT YOUR TIME FOR THEM TO COLLECT WILL BE EXTENDED. IF YOU DONOT INTEND TO PAY THE BILL NEVER MAKE A PARTIAL PAYMENT. EG. SAY THE LOAN WAS TAKEN OUT 12/1/2003 THEY CANNOT COLLECT AFTER 12/1/2008.IF YOU MADE A PAYMENT 12/1/2005 T5HEN THEY CAN COLLECT UP TILL 12/1/2010. GOOD LUCK,RODHOOK


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Yes. It is a common misconception that a creditor or collector cannot pursue legal action if any payment from the debtor is accepted. Once a contract is in default the lender or collector can take whatever steps allowed under the laws of the debtor's state to recover monies owed.


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