Old Debt Can Be a Problem
There are times when you might get a call or a letter from credit collection companies for old debts that were either charged off in a bankruptcy or that you couldn’t pay years ago. But did you know that sometimes you don’t have to pay those? Probably not. There are collection companies that “buy out” old collection accounts for pennies on the dollar and then they contact you and everyone that is connected with you in order to collect that old account to make a profit. Even if they get a dollar from you, they can profit from it. (more…)