Debt

The statute of limitations for collecting debts in my state is five years. Some collection agency claims to have bought up an old debt from the year 2002. The company claims that they sold the debt and washes their hands of it. I called the collection agency and told them of the five year collection limitation, but they continue calling five to six times a week on a dead debt. What recourse is available to me for this harrassment?

How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.

There are a few debt companies and telemarketers call my house landline everyday. We don’t know the people that the debt companies are calling. We registered on the national no call list and I called them back several times and ask them to remove our numbers. But they still keep calling.

I am so frustrated. Is there punishment for this spam calls?

What I’m trying to figure out is. If a collection agency is buying a $1,000 debt of mine from a credit card company how much do they actually pay for the debt?

I have a full-time job, i live at home with mom and still can’t get out of debt. I don’t spend money foolishly, except for going out to the bars. So obviously I know you’ll say to stop doing that. But I would like some input on how else I can slash my debt.

I need some motivation people! I want to commit to reducing my credit card debt this year; but, it seems a bit overwhelming. Please share stories of how you reduced your debt. Maybe that can psych me up to keep sacrificing and paying off these debts. Thanks!

I was a collector of unsecured debt for years ( I was the guy that hounds you on the phone :(). I know the FTC regulates debt collection through the Federal Debt Collectors Practices Act. I remember my boss telling me about the Good Ol’ Days when he would go to peoples homes and actually reclaim furniture, pianos etc. I am looking for specifics. Thanks in advance!

I’m working toward a PhD in Political Science. My concentration is International Relations, and I’d prefer to teach at a large research university. I know about how much faculty members in my field earn, but, frankly…I’m a little worried about being able to pay off my student loans.

If you’ve earned your PhD, or if you have information about this topic, what do you think is a reasonable amount of debt to have after you get your PhD? Can you reasonably pay it off on a professor’s salary?

I know that it would depend on the amount of debt and how much the position pays, but if you can share your experiences, I’d be appreciative. Thanks.
I’m funded, by the way, but the stipend at my tiny public school is ridiculous. Because I’m funded, I’m full-time and will get out in 5 years (well, 4 years left), and I can’t work outside the department for more than 10 hours a week (it’s an unofficial rule, but they do frown upon it). I worked full-time as an undergrad, but I’m really not sure I could handle working at all outside of my classes and TA/GA responsibilities.

I had some medical bills from 4/10/01 that I didnt not pay in full. I was harassed for awhile by collections and then left alone. This debt was never reported on my credit record and has never showed up. Today on 2/14/2007 (6 years later) I receive a letter from a collections agency telling me to pay up or be reported to the credit agency. I am afraid to call because I heard making contact with them could cause the statutes of limitation to start up again. My question is, If I ignore them, can they really report this to the credit bureaus since the debt was from 6 years ago? Is this just a scare tactic at this point- keep in mind I havent heard from them in 5 years until now all of the sudden.
I live in Texas btw

It is apparent that she’s not getting any help from obama despite their dramatic presentation of helping one another including settling her debt. I’m impressed how the rookie Senator with no experience can get away with this against a Clinton.