Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 13
Registered: ‎04-19-2007
0

Already paid some to a junk debt buyer...

What are my options if I have already paid a junk debt buyer? I have read conflicting statements. One side says the SOL starts over if I pay them, other people say my SOL date remains what it was. Basically, should I finish paying these people off or let it go?
Frequent Contributor
Posts: 351
Registered: ‎04-02-2007
0

Re: Already paid some to a junk debt buyer...

If it is over 7 1/2 years old DO NOT PAY!  You're flushing your hard earned money down the toilet.  It cannot legally be placed on your CR if it is over that age.  However, if you made a payment before the 7 1/2 years had expired, that could be a different story.  I'm not well versed in the re-aging process.  I've heard conflicting information about that myself.
Member
Posts: 13
Registered: ‎04-19-2007
0

Re: Already paid some to a junk debt buyer...

It's not past the 7.5 years, but it is well past the 3 year statute of limitations. And I've already paid some. Can I tell them that it is past the statute of limitations?
Frequent Contributor
Posts: 351
Registered: ‎04-02-2007
0

Re: Already paid some to a junk debt buyer...

I don't know if making a payment resets the SOL or not.  Maybe someone else could answer that for you.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Already paid some to a junk debt buyer...

What state are you in?
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Already paid some to a junk debt buyer...

Paying "should" not reset the clock.. but it happens. Find out from the 3 cra's when date of first delinquency was.

Creditors will put different open date on your reports to make it look worse. Something to do with when the account was open with them. The DOFD has to stay the same, or that is reaging.
Member
Posts: 13
Registered: ‎04-19-2007
0

Re: Already paid some to a junk debt buyer...

I'm in Arizona
Highlighted
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Already paid some to a junk debt buyer...



Flagstaff wrote:
I'm in Arizona


Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.