Do I keep it going the way I am?

[cdoll]

What is the name of your state? Illinois

I posted a few months back about a collection agency contactng me about a OLD (9 year old) captial one balance. one that has never been on my credit report or anything. And is obviously beyond the SOL.

This all happened just as I was about to close on my first house. You all adviced me to send a letter of dispute. Which I did. They warned me that it will take a few months, but they will get the proof that is somewhere on microfish.

so fine. i am waiting it out. Moved out and all. I didnt give them my new address or anything since I havent talked to them.. but the other day I did get a letter from the collection agency, and it was to my new address.. the letter said they have contacted Capital One and they are willing to just accept a certain amount of the balance payable in 2 installments.

So, I should keep ignoring this right? Really wait to see the proof before proceeding? Its not like I have the money to pay them off even if it was nicely diveded into 2 installments.

I guess my question is, I still can require proof, and I have the fact that debt is over 9 years old and has never been on my credit report working in my favor of not making payments to them right now... right?

 

[Veronica1228]

What is the name of your state? Illinois

I posted a few months back about a collection agency contactng me about a OLD (9 year old) captial one balance. one that has never been on my credit report or anything. And is obviously beyond the SOL.

This all happened just as I was about to close on my first house. You all adviced me to send a letter of dispute. Which I did. They warned me that it will take a few months, but they will get the proof that is somewhere on microfish.

so fine. i am waiting it out. Moved out and all. I didnt give them my new address or anything since I havent talked to them.. but the other day I did get a letter from the collection agency, and it was to my new address.. the letter said they have contacted Capital One and they are willing to just accept a certain amount of the balance payable in 2 installments.

So, I should keep ignoring this right? Really wait to see the proof before proceeding? Its not like I have the money to pay them off even if it was nicely diveded into 2 installments.

I guess my question is, I still can require proof, and I have the fact that debt is over 9 years old and has never been on my credit report working in my favor of not making payments to them right now... right?

So when you say that you sent a letter of dispute are you saying that you sent a DV letter or a C&D letter? If the DOLA is 9 years then it is past the SOL of 5 years for Open Accounts in Illinois. If you haven't already, simply send them a C&D letter now. This debt is no longer collectable and they should have ceased contact long ago. Below is a link to a website that has sample letters that you can use. Make sure you send it CRRRM.

http://www.creditinfocenter.com/forms/

Good luck!