77nation Posted April 22, 2007 Report Share Posted April 22, 2007 I wrote before and got great advice/support. Now I'm back. I had a collector (from a law office apparently) contact me regarding a very old debt. I've since discovered that there was indeed a judgment for this debt but that has fallen off my credit report. However I'm not sure at all that its reached the statute of limitations. I've been trying to research that myself and my brain is buzzing.Does the same advice I was given apply even though there was a judgment, i.e., do not speak to the collector on the phone, ask for validation of debt in writing, etc.? I'm kicking myself for ever picking up the phone! I know she'll be calling again this week.Thanks again in advance for any advice. Link to comment Share on other sites More sharing options...
willingtocope Posted April 22, 2007 Report Share Posted April 22, 2007 Same advice holds...but, the SOL for judgements in MA is 20 years (according to the menu item at the top of the page). It would fall off your CRs at 10 years...so, it might still be valid. Link to comment Share on other sites More sharing options...
77nation Posted April 22, 2007 Author Report Share Posted April 22, 2007 Thanks. I did find the 20 year SOL but was kinda hoping it was an error.If it hasn't run out what happens - or do I cross that bridge when I come to it, after I've had them validate?Also, can they really keep the clock ticking on interest all these years? According to the nice bill collector lady my debt has pretty much doubled. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted April 22, 2007 Report Share Posted April 22, 2007 if you have a judgement your interest continues for that 20 years.. keep in mind they can also garnish your wages and freeze your bank accounts WITHOUT warning.... and they dont have to validate.. they sued you and won.. you need to get a payment plan in place before it gets worse..once they get that judgement they hold ALL the cardsyou do EVERYTHING in writing.. work out the payment plan GET IT IN WRITING AND NEVER EVER give them auto draft checking info.. in fact get another account JUST for this debt.. another bank.. not where you bank... ignore it and they will garnish.. and freeze... don't think for one second they wont.. validation is not even necessary at this point.. that should have happened LONG before it got to court.. Link to comment Share on other sites More sharing options...
Recommended Posts