Many debt collection agencies are purchasing old debts that are past the SOL (Statute of Limitations). While these debts may be outdated, the debtor still has an obligation to pay the debt. The question is; to whom the debtor has a LEGAL obligation to pay the debt to? With that being said; if you receive notice from a collection agency demanding payment of a debt, have the debt validated prior to making any payment. If the collector has the legal right to collect the alleged debt, he will be more than happy to provide all information requested in the validation process. Otherwise, you will never hear from this collector again. But beware, the collector may sell the debt to another collection agency and the process will start all over again. Always respond to debt collection notices ASAP. If the debt is valid, NEGOTIATE! Never ignore the debt collection notice and let the debt be furnished to the Credit Reporting Agencies.

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