Where’s my scooby snack? asked:


How to check to see if the debt is really legit? I know there’s a statute of limitations of 7 years that prevents debt collectors from contacting you but what happens to the debt after that time frame?

Also, if you get a letter from a debt collection agency stating you owe a debt, how to prove that the debt is real and you do in fact owe?

Asile asked:


We receive calls from a debt collection agency attempting to collect money for a company that went out of business and filed bankruptcy a while ago. Is that legal/justifiable?
But if that company filled bankruptcy, doesn’t that mean that they are no longer required to pay back their lenders or any accts payable?;

How is it that they would still be allowed to recoup their losses but not pay their lenders if they’ve declared bankruptcy.

andy m asked:


I had a debt collection agency call and say that they bought a contract from ATT that i owed in 1999. I haven’t lived in Texas for 9 years. Not sure what to believe, has it been too long?

switchsox asked:

I just got a letter from a debt collection agency, giving me a certain amount of time to pay a bill. Will this negatively affect my credit score?