The Hello Bar is a simple web toolbar that engages users and communicates a call to action.

142 Past Due – Mailbag: Dealing With Old Debts & Credit Reports

by Derek Sisterhen on January 28, 2011

coachradio-cover

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Past Due: Radio 142 – Mailbag: Dealing With Old Debts & Credit Reports

Right-click to download

Send me your feedback or leave me a voice mail: (919) 374-0501

Leave a review on iTunes

Carolyn, a Past Due Radio listener in Massachusetts, wrote a question into the mailbag asking about a few old debts showing up on her husband’s credit report. With her question as the backdrop, we touched on some of the pertinent elements of dealing with creditors, understanding your credit report, and the integrity issues surrounding repaying what you once borrowed. Today, we answered these critical questions:

1) How does the statute of limitations in my state affect how creditors collect on bad debts?

2) How do I know if my credit report is showing legitimate or erroneous accounts?

3) Can I say anything to a collector that would harm my credit report further when dealing with an old debt?

4) When should I repay an old debt and when should I just let it roll off my credit report?

Today’s Mentionables:

AnnualCreditReport.com – don’t be fooled by the catchy jingles of other credit report services; this is the one website that allows one free credit report annually from each of the three credit bureaus – no tricks or hidden hoops to jump through.

Subscribe to the Past Due: Radio Podcast:

  • http://topsy.com/pastdueradio.com/142-past-due-mailbag-dealing-with-old-debts-credit-reports?utm_source=pingback&utm_campaign=L2 Tweets that mention 142 Past Due – Mailbag: Dealing With Old Debts & Credit Reports — Past Due: Radio — Topsy.com

    […] This post was mentioned on Twitter by Justin Lukasavige and Derek Sisterhen, Derek Sisterhen. Derek Sisterhen said: #142 Mailbag: Dealing w/ Old Debts & Credit Reports http://ow.ly/3M1Os ; Listener's questions answered […]

Previous post:

Next post:

Derek Sisterhen on Twitter Derek Sisterhen on Facebook Derek Sisterhen on LinkedIn Past Due: Radio YouTube Email us