Can I get sued if the SOL period will get over in Pelham within a year?
Date: Fri, 08/23/2013 16:54
I have received notice from a collection agency in Pelham, Alabama. This is the 4th time I'm getting a notice on a debt of around $16,458. I have been contacted by 3 other collection agencies in the past. I have asked them to validate debt in writing. All I have received till now is name of the original creditor and the date when the account was sold. Nothing else. The debt is likely to fall from the credit report within the next 1 year. What step should I take now? Should I pay off this “alleged” debt? Should I ignore their calls in the next 1 year? Is there any chance that a lawsuit will be filed against me within the next 1 year? How can I avoid getting sued within this time?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.