@Minks31 wrote:Hello,
I am seaking some advice. I have an old debt from my first credit card through Bank Of America when I was a college student. This was back in 2004 I believe. BofA sold my debt to Midland Collections. They seem to show up as a open "account" with a balance and NOT an "collection" on my credit report (looking at Equifax right now).
Date Opended is 3/2008, Last activity is 7/2005, amount due is $2185. I am getting calls from Midland, and I would like to pay this off. I'll be able to pay the full amount in October (it's just what's best for me right now). Should I pay them something monthly and then pay it off in full in October? Or if I don't pay them anything will anything further negativly happen to my credit report? I believe if I pay them something now, even a small amount, will negativly effect my credit. Is that correct?
I know it's an old debt. Even though its not showing up as a collections account, could it then be sent to "collections" again and show up there? Is this account passed the Statute of Limitations (I Live in California)?
Any advice or help would be most appreciated.
Thanks,
Steve
Send them a PFD letter. There are examples of these letters on the forums. Just type PFD letter in the searchbox at the top of the page.
