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To: Philistone
If they can get you to admit to the debt even after 7 years, the clock starts ticking again.

Not so. Nothing restarts the 7-1/2 year clock on a delinquent debt.

32 posted on 09/27/2007 2:28:30 PM PDT by BearCub
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To: BearCub
If a debt collector contacts you regarding an old debt, do not admit that you owe the debt and do not agree to make any payments. Simply tell them that the "statute of limitations has run on this debt and do not contact me again". If they continue contacting you, send them a certified letter, return receipt requested, telling them not to contact you about the debt again. Remember -- DO NOT ADMIT THAT YOU OWE THE DEBT, DO NOT AGREE TO PAY THE DEBT, AND DO NOT AGREE TO SEND ANY MONEY TO THEM. If you do, then the statute of limitations might start running all over again, giving them the legal right to sue you.

May depend on the state. This is the law in California.

State Statutes of Limitation on Debt Collection

61 posted on 09/27/2007 8:12:43 PM PDT by Philistone (Your existence as a non-believer offends the Prophet(MPBUH).)
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