The account is six years + old. As of Jan 2013, they are reporting my account to Equifax, with 120 days late payments. I do not have any agreement with them to pay. The balance changed from $10k + to $9442.
I have requested debt validation since Jan 2013, All I get is a debt settlement letters.
As a result of their actions. They report an OPEN acct to Equifax my recent late payment history, and my score dropped about 80 points, and my score is about 500+. This acct is nearing the 7 year mark.
They have reported to Experian, and TransUnion as a debt buyer, or collection account, and does not affect my score. The amt they report to both CRA's is over $10K. This info was reported as of 5/2013.