AlexInCali
Member
What is the name of your state (only U.S. law)? California
My life-partner has a bad debt on his credit report that's something like 12 years old. It seems that it keeps showing up because the debt has been sold to different collectors several times. I won't go into the details too much of the original debt, but I'm sure that legally he did/does owe the money. He wasn't able to get the original creditor/merchant (one and the same) to take the defective product back. All those years ago, I'm sure he should have found some way to force them to accept the return. The product (computer) NEVER worked.
The collection agency with which the debt currently resides calls us 8 to 10 times per day. I just don't answer the phone any more when I know it's them.
I told him to send a cease and desist letter.
Is it legal for this thing to still be on his credit report? I thought bad debts had to be removed after a certain number of years (I thought it was 7)? Does the fact that the debt is sold to a new collector start that clock all over again?
If he sends the cease and desist letter can he still be sued for the debt? It seems like they would have tried to sue him by now if they were going to!
It doesn't seem to be affecting his FICO score that much, but it's still a negative item on his credit report.
Thoughts?
My life-partner has a bad debt on his credit report that's something like 12 years old. It seems that it keeps showing up because the debt has been sold to different collectors several times. I won't go into the details too much of the original debt, but I'm sure that legally he did/does owe the money. He wasn't able to get the original creditor/merchant (one and the same) to take the defective product back. All those years ago, I'm sure he should have found some way to force them to accept the return. The product (computer) NEVER worked.
The collection agency with which the debt currently resides calls us 8 to 10 times per day. I just don't answer the phone any more when I know it's them.
I told him to send a cease and desist letter.
Is it legal for this thing to still be on his credit report? I thought bad debts had to be removed after a certain number of years (I thought it was 7)? Does the fact that the debt is sold to a new collector start that clock all over again?
If he sends the cease and desist letter can he still be sued for the debt? It seems like they would have tried to sue him by now if they were going to!
It doesn't seem to be affecting his FICO score that much, but it's still a negative item on his credit report.
Thoughts?