Valued Contributor
Posts: 1,083
Registered: ‎10-31-2011
Re: Ghost collecting coming back from the dead?

Unpaid debt never goes away until its paid. Old negative tradelines by law fall off your credit report and time barred (OOS) debt will keep you from being sued for the debt, but that doesn't mean that whoever owns the current paper (debt) can't try to collect on it. You'd be surprised how many accounts are collected by just sending out letters requesting payment.

 

You can send a DV letter if you like, or simply ignore the demand letter you got since the CA has no recourse to force payment. What you might try is to offer a highly discounted  PFD to the CA which will probably be accepted (offer 10% of face value). Make sure you get in writing that this payment satisfies the debt in full and keep that paper forever. This way you kill the zombie debt and you can feel satisfied that you settled the obligation.