What can I do with collection agencies that say they bought my loan from original debtor but is passed the statute of limitations?
One was a car loan that they repossessed and sold but said I still owed $6000 at the time. I contacted the company by certified mail with what I could do at the time never heard back from them. That was in 2007. Now I have a collection company calling me and they said they are trying to collect the debt of $10,000 from a different company that I have never heard of who is suppose to own my loan now.
The other loan is originally from Dell but a they supposedly sold the loan to another company. I have asked Dell for the original paperwork and for proof of the sale but I have received nothing from them and I asked for proof from the people that keep calling me, they said they do not have to provide me with a bill of sales of my loan.
Both of these are passed the 3 year statute of limitations for SC. What should I do because they continue calling me?
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.