Resurgent Capital Services Resurgent debt collection scam Internet

You actually screwed yourself when you paid that old, uncollectable debt.

When you paid it, you "validated" it under the law. So now they can keep coming after you for whatever else they say you owe on that debt, in court if needed, and now they will win!

NEVER make a payment to a JUNK DEBT BUYER / third party collector / bottomfeeder!

NEVER EVER DO THIS!

Also understand that paying off that old uncollectable junk debt, does not mean it will come off your credit report! Since you restarted the SOL clock, you validated the "collection" which will now stay on your report as a collection account...FOR 7 MORE YEARS!

Your mortgage loan officer must be a real uneducated piece of dirt if he/she told you to pay this.

I worked within the mortgage industry for a couple of years, and dealt with this often. You could have simply sworn out a statement and a declaration that the debt is not yours, etc..and you could have gotten a "lender exception" from the underwriter, and it would not have affected your rate or your overall qualifying, especially with an 800+ score.

Live an learn, but you made a very bad mistake when you paid that old debt.

That debt was far past any statute of limitations and was legally uncollectable.

The only thing you can do now, is file fraud complaints with the FTC and your state AG for the unethical collections practices, and/or file a civil suit for any damages they caused you with the illegal reporting.

And...FYI...a debt collector is prohited by law from inflating the original debt amount. Only a court can award costs/fees. Only pre- charge off interest as per your contract rate, and post charge off interest as allowed by law can be added to the principal default amount. But only up to the applicable SOL. Beyond that, the debt is DEAD!!

I suggest you educate yourself on your legal rights in the future. Stay off the phone altogether in any dispute. Do everything in writing!