wcms6890 Posted November 2, 2016 Report Share Posted November 2, 2016 I got a letter from Midland credit for a debt which I think is either 6 or 7 years old. What should I do next? We live in Virginia Quote Link to comment Share on other sites More sharing options...
BV80 Posted November 2, 2016 Report Share Posted November 2, 2016 3 hours ago, wcms6890 said: I got a letter from Midland credit for a debt which I think is either 6 or 7 years old. What should I do next? We live in Virginia You can send a debt validation request. Just a simple one that says "I dispute the alleged debt and request validation." OR if you know for sure that the debt is outside the statute of limitations, nip it in the bud and send a cease and desist. Quote Link to comment Share on other sites More sharing options...
wcms6890 Posted November 2, 2016 Author Report Share Posted November 2, 2016 Thanks for the response BV80. I was thinking of doing validation or cease and desist since they have a paragraph/statement on the letter stating "the law limits how long you can be sued on a debt. Because of the age of your debt,we will not sue you for it. If you do not pay the debt,we may continue to report it to credit reporting agencies as unpaid". I am worried that if I do a validation or cease and desist it might just restart the SOL instead of being time barred. There are some more after the statement above,I'll try to insert a file here later. Quote Link to comment Share on other sites More sharing options...
BV80 Posted November 2, 2016 Report Share Posted November 2, 2016 33 minutes ago, wcms6890 said: Thanks for the response BV80. I was thinking of doing validation or cease and desist since they have a paragraph/statement on the letter stating "the law limits how long you can be sued on a debt. Because of the age of your debt,we will not sue you for it. If you do not pay the debt,we may continue to report it to credit reporting agencies as unpaid". I am worried that if I do a validation or cease and desist it might just restart the SOL instead of being time barred. There are some more after the statement above,I'll try to insert a file here later. The only thing that might restart the SOL in a letter is if you offer to pay or admit the debt is yours. Simply stating "I dispute the alleged account and request validation" admits nothing. However, since it's outside the SOL, just send a C&D. Demand they cease all communication with you regarding the alleged account. I always include a copy of the collection letter along with a DV request or C&D. Whatever you do, be sure to send it CMRRR (certified mail, return receipt requested). Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted November 2, 2016 Report Share Posted November 2, 2016 1 hour ago, wcms6890 said: I was thinking of doing validation or cease and desist since they have a paragraph/statement on the letter stating "the law limits how long you can be sued on a debt. Because of the age of your debt,we will not sue you for it. Since this paragraph is included the ONLY letter they need is cease and desist. If there is only a year left on the reporting it isn't really damaging your credit any longer and I would simply let it fall off on its own. Quote Link to comment Share on other sites More sharing options...
wcms6890 Posted November 2, 2016 Author Report Share Posted November 2, 2016 Thanks BV80 and Clydesmom. I will send C&D thru certified mail Quote Link to comment Share on other sites More sharing options...
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