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Debt - What a nice surprise!

July 19th, 2006 at 04:03 pm

Today I finally made a phone call to GPU [Penelec] for an outstanding bill of $240.70.

I wanted to start making payments on this to get it paid [because it's the right thing to do.]

GPU said that they no longer own the account and that they can't collect on accounts over 4 years old.

I asked the guy why and he said something or other about because of legal reason.

Then he gave me the phone number for the collection company that they had sold the account to.

I called them and they said that they don't have the account anymore and for me to call GPU about it.

That wouldn't do any good because the guy I talked to there was insistent that they aren't allowed to collect on the account any longer [since it is over 4 years old.]

Hmmm ... well, Praise the Lord, that is one debt that has been taken care of and I would guess that it is now considered paid in full.

I made an attempt to pay it and since no one seems to own the account anymore and the electric company can't accept money on it

[which is way weird, don't you think?!!] ...

Anyways, I guess this debt would be now considered paid in full!

Posted in Debt Reduction Plan | 3 Comments »

3 Responses to “Debt - What a nice surprise!”

  1. mjrube94 Says:
    July 19th, 2006 at 04:53 pm 1153328027
    1153328027

    Would something like this show up on your credit report? If so, I'd get a copy just to make sure it's not there...

  2. Marie Says:
    July 19th, 2006 at 06:23 pm 1153333427
    1153333427

    I wouldn't count on it... it was probably sold to another collection agency... trust me, they NEVER go away - just pop up under different names multiple times on your credit report...

    Definitley still look into it!!

  3. Saving in So Cal Says:
    July 19th, 2006 at 07:39 pm 1153337952
    1153337952

    Not being able to collect on an unpaid debt and not being able to report an unpaid debt are two different things. The statute of limitations for collecting the debt has probably run. The time period for being able to report an unpaid debt is usually quite a bit longer than the statute of limitations for collecting on it.

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