My 1st question is: Someone please help? any Lending Tree mortgage brokers here? Thanks for any response. Another question... I am wondering about this..

Using my situations..

Was able to get credit without problems, but did not go out and rack up tons of cards or debts beyond my control at that time. Like most, never imagined the possibilty of hard times and what they could do. Then life as I knew it came to a screaching halt. Here I was in a position to repay debt before and now everything is gone. I called my creditors and explained the situation. Most were "who cares we want our money yesterday." One did work with me.

I didn't care about the credit report at that point, I just did not want to get sued. The one creditor that worked with me was the one that got paid. The others, I had to make a decision. I pay you and don't eat or have a roof over my head, or I pay you $1.00. They accepted those $1.00 checks.

Finally I had enough of the calls, the threats, the cursing, etc and defaulted on the debts..

So now on to my question. Yep defaulted on those debts and I have some obligation to pay them back. My state is 6 years to collect. Some are at 4 years, others are at 5+ years right now. I just got a collection letter for a debt charged off in 1/1999. I have 2 more years that they can collect legally from me.



I send a validation letter and what if they validate this account? Should I do nothing and let this lie for 2 more years? I have been sued in the past (pre-credit net) and pay for that dearly..

I realize now that the few debts that I kept sending in that dollar hurt me more, than defaulting right away on them..

Being that they are this old, the chances of being able to validate are slim. But I seem to have no luck unless it is bad luck and with that, they would have full validation..

Would appreciate some thoughts on this...