Question more or less collections?
I have a few questions. On my credit report, I have a collection from a cell phone place for $413. I just checked my credit report a few days ago and it was down with Account recovery service. Today, I receive a collection interest from Portfolio Recovery Associates saying that they purchased the account presently. So my question is, would that reset the Satue of limitations? Also, should I try to dispute it ( I know I owe them but would disputing it maybe obtain it off my credit report). Or should I pay them what I can afford and ask them to rob it off my credit report when I am finished paying?
Answers: The statute of limitations starts to run from (1) when the account go into default or (2) when the last allowance was made, whichever is later.
Disputing a valid debt won't seize it off your credit report.
Negotiate with the collection agency on a dollar integer (make sure to get it in writing) and once reimbursement is made, have them delete the account from your credit reports.
no it doesnt start over the statue of limitations. The statue of limitations one and only matters as far as them being competent to sue. Otherwise no matter if its 15 yrs down the road and you havent paid it they can still try to collect their money they only cant sue you now to get it.
Now you can dispute it I would and hold just claim you have no experience of the account.
you can always settle the statement for less than what you owe even if that means making payments to pay packet off a certain portion. such as surrounded by my case I owed $492 I settled for $292 and I am making payments of $50 a month they in turn are going to delete it from my report once the $292 is paid. I got this contained by writing and you should do that same with any correspondence.
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Answers: The statute of limitations starts to run from (1) when the account go into default or (2) when the last allowance was made, whichever is later.
Disputing a valid debt won't seize it off your credit report.
Negotiate with the collection agency on a dollar integer (make sure to get it in writing) and once reimbursement is made, have them delete the account from your credit reports.
no it doesnt start over the statue of limitations. The statue of limitations one and only matters as far as them being competent to sue. Otherwise no matter if its 15 yrs down the road and you havent paid it they can still try to collect their money they only cant sue you now to get it.
Now you can dispute it I would and hold just claim you have no experience of the account.
you can always settle the statement for less than what you owe even if that means making payments to pay packet off a certain portion. such as surrounded by my case I owed $492 I settled for $292 and I am making payments of $50 a month they in turn are going to delete it from my report once the $292 is paid. I got this contained by writing and you should do that same with any correspondence.