DSWILSON11205
Junior Member
What is the name of your state? NY
Thank you for your website and all of the great information that you provide for consumers. I received a call from a debt collector yesterday. He told me that they are NOT a collection agency, because they purchased this account (from another creditor who bought my student loan) and I had to make an immediate settlement with them. At the time of the call he told me what the current balance was but immedately gave me a much lower balance if I would agree to pay ASAP. I told him I wanted to check my records to verify that the debts was correct, and would contact him on Monday afternoon. This account is so old (18yrs) a original loan in 1986 made to me while attending college in San Diego, CA; it does not even appear on my current credit files. I have checked my old credit reports and found that there were delinquent debts of 120+ days that occurred in 11/94. How should I handle it? I have researched the statues of limitation on student loans and found out that there are no limitations. So I'm confused, can they demand payment of a 18yr old loan that they bought?
David, NYC
Thank you for your website and all of the great information that you provide for consumers. I received a call from a debt collector yesterday. He told me that they are NOT a collection agency, because they purchased this account (from another creditor who bought my student loan) and I had to make an immediate settlement with them. At the time of the call he told me what the current balance was but immedately gave me a much lower balance if I would agree to pay ASAP. I told him I wanted to check my records to verify that the debts was correct, and would contact him on Monday afternoon. This account is so old (18yrs) a original loan in 1986 made to me while attending college in San Diego, CA; it does not even appear on my current credit files. I have checked my old credit reports and found that there were delinquent debts of 120+ days that occurred in 11/94. How should I handle it? I have researched the statues of limitation on student loans and found out that there are no limitations. So I'm confused, can they demand payment of a 18yr old loan that they bought?
David, NYC