I read an article on debt collection recently.
It made some very interesting points.
One is that there is a time limit on how long the debt collectors can contact you about a debt. That time limit varies from state to state.
After that time is up they cannot contact you any longer unless you made a payment at some point. If you do that, the ‘clock’ starts over from scratch.
If you send them a letter about the debt, it could be construed as admitting to the debt. Bad move. The ‘clock’ starts over again.
Keep in mind that credit card debts are ‘unsecured’ loans. That means there is no collateral that they can collect on, such as a car or a home.
Read the entire article on debt collection.
To find more information on debts and credit do a search here