debt validation letters

Question about debt settlements and letters of validation…?

A collection agency contacted me about a debt that is over 5 years old that I don’t even recall. They offered me a settlement, but I chose to ask them for vertification of the debt. The person I spoke to them made it sound if the debt was indeed mine, they wouldn’t offer me a settlement after the validation. What steps can I take next?

Never, never, ever deal with a bill collector over the phone. If they ever contact you again, ask them never to call you again, but instead send you a written explanation of why they are calling you (by law they have to respond within 5 days).
After you receive that letter fire off a “Debt Verification Letter”. Make them verify that the debt is yours and that they have a legal right to collect from you.
Do not worry about them not accepting a settlement before validation. If the debt is yours and they do indeed have a legal right to collect from you, they would rather accept a settlement than take you court.

After the Statute of Limitation (SOL) has passed, a collector an still attempt to collect from you banking on your ignorance of the law, but you no longer have no legal obligation to pay. If indeed the SOL has expired send the collection agency a letter stating that you are aware of it. Send the letter by certified mail.
Use the link below to check you state’s SOL,

http://www.bcsalliance.com/y_debt_sol.html