U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-30-2008, 11:55 PM
jco jco started this thread
 
Location: Austin
2,120 posts, read 6,108,465 times
Reputation: 1438

Advertisements

My husband apparently has a $98 debt from an old phone number TEN YEARS AGO. It was unpaid when he moved I guess, and they never sent the bill to wherever he went. Ten years later, we get a letter in the mail (we now live in a different state) from a debt collector demanding we cough up the money in 30 days. Uh, fine. We paid the hundred bucks.

I couldn't help but think this is a sign of the times. Why ten years without a word and now suddenly they're sending us demanding letters unless companies are really hurting now. I don't get it. By the way, it was from Qwest.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 10-31-2008, 12:54 AM
 
5,410 posts, read 10,350,796 times
Reputation: 4488
No, they just sell the debts and re-sell them, for pennies on the dollars.

Then they send some letters to see who bites.

In this case someone did bite, so they got a quick hundred bucks for the effort.

Churning old debts is a business. Kind of low and sleazy, but it just a business.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-31-2008, 06:49 AM
 
Location: Windsor, Vero Beach, FL
897 posts, read 2,651,797 times
Reputation: 474
Maybe they could'nt find your husband. Did it show up on your credit report(s)?
Glad that you settled your debt.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-31-2008, 08:30 AM
 
Location: Charleston, SC
5,615 posts, read 13,503,154 times
Reputation: 2540
I think that might've brought it back from the dead and put it on his credit report as a paid off account in collection. 10 years sounds way past the statute of limitations for debts like that.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-31-2008, 06:16 PM
 
339 posts, read 1,433,181 times
Reputation: 239
Quote:
Originally Posted by scuba steve View Post
10 years sounds way past the statute of limitations for debts like that.
I was thinking the same thing. Isn't there a statute of limitations on such things?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-31-2008, 07:43 PM
 
48,508 posts, read 88,655,852 times
Reputation: 18188
If its ten years old I say forget it.If the company did not try to collect then it means nothign after ten years.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-01-2008, 08:32 AM
 
Location: Eastern Kentucky
1,237 posts, read 2,868,191 times
Reputation: 1292
I got one of those letters once and did not think I owed the bill. When I wrote a letter asking for proof of the validity of the debt, they did not respond, and I never heard anything more about it. I think it was a scam.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-01-2008, 01:23 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,525,881 times
Reputation: 6378
I'd send them a bill back for wasting my time...then sue them in small claims court to get my money.

You think I'm kidding.

Edit, nm... he did skip out on the bill. I thought about it and I think I would pay it. Then again, I've never skipped out on a bill. So I dunno.

I once went to Pizza Hut with 3 dudes. They were in tech school with me. We ate, had some beers and one guy says, "OK, you guys get up and head out and I'll go to the bathroom...and when the waitress moves to another side of the room, I'll bolt." The other two dudes stood up. I couldn't believe what I was seeing. So I looked him in the eye and I said, "What did you say?" and he's like "Let's skip out on the meal" and I said "You go ahead, bro, Hell you all go!...I'll pay for everyone." This made him sort of mad and he's all like "Fine, I'll chip in - - - I GUESS!" The other two dudes then sat back down and offered to chip in, too.

The moral of the story is pizza and beer are freaking awesome.

Last edited by 70Ford; 11-01-2008 at 01:41 PM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-03-2008, 10:53 AM
jco jco started this thread
 
Location: Austin
2,120 posts, read 6,108,465 times
Reputation: 1438
Well, glad to know it's such a business after I paid the debt. :P Oh well, I still feel like it's the right thing to do. My husband corrected me... it was eight years old. Still. They said they didn't put it on his credit report, and when we checked his credit last (March), it wasn't on there.

I didn't even check on the statute of limitations...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-03-2008, 11:06 AM
 
5,410 posts, read 10,350,796 times
Reputation: 4488
What you have to watch out for in all this are bad faith operators.

When you pay or even acknowledge and promise to pay a debt, in some cases -- it opens up the activity and can consider to start the clock all over on Statue of Limitations (the legal / court portion) and the Credit Report portion (SOL and Credit Report times and laws are ENTIRELY different things.)

It does not seem and probably is not just, but attempting to pay in good faith on your part can open you up for additional and totally unrelated claims.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top