Apr 20, 2011
DO NOT TALK TO THESE PEOPLE. They cannot make you pay for an old debt. These are usually old credit card debt that was never paid. If you filed bankruptcy on the accounts that they are trying to collect on and they were discharged in bankruptcy court, it is against the law to collect these.. Most of the time these are credit cards from years ago that you defaulted on and never paid. They buy these accounts for pennies on the dollar. Say someone had a Visa 8 years ago for 500.00 and never paid it. It is too late to take you to court and it isn't on your credit report because they drop off after 7 years. If they tell you to pay them 150.00 on this credit card and they will call it even, they made money because they probably paid 50.00 for your account.They can legally do this. The thing is, you don't have to pay them anything. There is nothing they can do except to call you and bother you. Good Luck