@bigred13 wrote:
I have a credit card debt from 10 years ago--it's not longer on my credit report. The collections agency is still sending me letters and calling. I realize that even while it's not on my credit report anymore I am still responsible for paying it off. What are the potential consequences for not paying it? A civil judgement? Anyone know how this works? Thanks in advance!
Ho bigred13 and welcome to the forums!!!! For a debt that old they will not be able to place a civil judgement against you. If you wish to pay the old debt I would offer them 10% or you can send them a cease and desist letter. However if they decide to sell the debt to another agency the next one will be calling. Me personally I would offer something to them and have a piece of mind that the debt is paid and gone. Unpaid debt never goes away.
Community Leader,
DaBears
