If it's been nearly 7 years (you said it's supposed to fall off in 6 months), then yep, I'd DV (making SURE to keep a copy of a CR stating the correct DOFD/DOLA -- in case Arrow decides to be jerks and attempt re-aging).
Chances are, they won't be able to validate -- and if they can't prove or validate the debt, they have to delete. At the very least, you'll know WHO owns the stupid thing! And if the "settlement offer" they made is decent.
Mainly, I'd REALLY DV them based on the extra fees that ballooned $250 to over $800. Something's not right there.
Chances are, they won't be able to validate -- and if they can't prove or validate the debt, they have to delete. At the very least, you'll know WHO owns the stupid thing! And if the "settlement offer" they made is decent.
Mainly, I'd REALLY DV them based on the extra fees that ballooned $250 to over $800. Something's not right there.
@llecs wrote:If you do go after it, then keep an eye on their fees. Collection fees are prohibited by the FDCPA, but I had dealt with them and experienced this. I had a debt at $300. They doubled it to $600 with a one charge called "collection fees" and labeled it as such. Within a year from that, they did it again from $600 to $1200. By then CRTP was just about up so I sat on it and SOL had long expired. They fell off the reports earlier in the year and never had sent them anything. Well, I got a letter last week and the fee increased again to raise the balance to over $1500.
I'm all for paying my debts, and I had paid the OC $300 plus years ago, but no way will/would I ever pay them.
Yep. Arrow's been whining at us for a 20 year old CC debt my DH incurred in his college days. The CL was at the time somewhere like $500 ... they recently generously offered to settle for $4K (40% off the amount they say we owe now). Occasionally, they say they'll "take action" against us ... but never elucidate on what that "action" might be.
They can kiss my you-know-what.
@Anonymous wrote:
@llecs wrote:If you do go after it, then keep an eye on their fees. Collection fees are prohibited by the FDCPA, but I had dealt with them and experienced this. I had a debt at $300. They doubled it to $600 with a one charge called "collection fees" and labeled it as such. Within a year from that, they did it again from $600 to $1200. By then CRTP was just about up so I sat on it and SOL had long expired. They fell off the reports earlier in the year and never had sent them anything. Well, I got a letter last week and the fee increased again to raise the balance to over $1500.
I'm all for paying my debts, and I had paid the OC $300 plus years ago, but no way will/would I ever pay them.
Yep. Arrow's been whining at us for a 20 year old CC debt my DH incurred in his college days. The CL was at the time somewhere like $500 ... they recently generously offered to settle for $4K (40% off the amount they say we owe now). Occasionally, they say they'll "take action" against us ... but never elucidate on what that "action" might be.
They can kiss my you-know-what.
Wow! That's a bargain.
@llecs wrote:Wow! That's a bargain.
@Anonymous wrote:
@llecs wrote:If you do go after it, then keep an eye on their fees. Collection fees are prohibited by the FDCPA, but I had dealt with them and experienced this. I had a debt at $300. They doubled it to $600 with a one charge called "collection fees" and labeled it as such. Within a year from that, they did it again from $600 to $1200. By then CRTP was just about up so I sat on it and SOL had long expired. They fell off the reports earlier in the year and never had sent them anything. Well, I got a letter last week and the fee increased again to raise the balance to over $1500.
I'm all for paying my debts, and I had paid the OC $300 plus years ago, but no way will/would I ever pay them.
Yep. Arrow's been whining at us for a 20 year old CC debt my DH incurred in his college days. The CL was at the time somewhere like $500 ... they recently generously offered to settle for $4K (40% off the amount they say we owe now). Occasionally, they say they'll "take action" against us ... but never elucidate on what that "action" might be.
They can kiss my you-know-what.
Yeah, I KNOW ... should we take them up on it before they change their minds? LOL!!
They called me about a year ago and even though I didn't know much about credit repairing back then (l-o-o-n-n-g before I came to this site), it was all I could do not to laugh outright in their weaselly little faces!!
Whatta buncha doofuses!!