Nice try but again - FAIL!!  It doesn't work that way!

Oh dear.  Someone using the "I paid it off and now my credit score is back to good" cr@p.  We don't believe you.  Why?  Because per the FDCPA, you should not pay any caller who refuses to MAIL - do not accept email or fax - proof of debt/proof your callers have the legal right to collect said debt.  Refusal to mail this documentation within five days of their initial contact with you is a violation of federal law.  This is not optional - this is mandatory - each debt collector MUST mail that documentation to you PRIOR to paying off the debt, because the burden of proof falls on them to show that you owe them that money.

Even if you paid the rightful owner of this debt, your credit keeps that "black mark" for up to 7 years - so your credit score is *not* "back to good."

BTW, since you claim it's not a scam, perhaps you would be so good as to post the legal business name and physical address, and website if any.

You're lieing ur butt off ...it's a scam they said I've written baf checks when I dont use a banking account ever!!! Complete scam! I have alot of help with tracking this scam artist down ...hard to do when their using voice over ip phone numbers.

I received the same call and called back Ms. Davis. I received the same info, which I know was true and I just didn't pay back what I owed and she gave me the opportunity to pay it back so I did. When I called my previous bank to check on it it has all been cleared away so know I don't have that debt over my head. Its not a scam. I received a letter stating that it was paid in full and now my credit score is back to good.

>> So what do I do now? <<

Short answer:
1. Contact your bank, and stop all payments to the scammer - but, your payment might have restarted the clock on the debt, so seeing a lawyer might be helpful.
2. Be aware that unpaid debt is a civil offense, not a criminal offense -- you cannot be arrested unless there is a hearing and notification BEFORE nasty things happen.
3.  FDCPA rules mandate WRITTEN notification of debt ... not merely a phone call.

The long answer:
This is a long summary, but you need to read it carefully if you think you are being threatened by a debt collector.

The Fair Debt Collection Practices Act (FDCPA) includes statements such as this:

* Every collector must send you a written ?validation notice? telling you how much money you owe within five days after they first contact you. This notice also must include the name of the creditor to whom you owe the money, and how to proceed if you don?t think you owe the money.   ["Written" means snailmailed ... not emailed or texted]

* Debt collectors may NOT
- repeatedly use the phone to annoy someone.
- falsely claim that they are attorneys or government representatives
- falsely claim that you have committed a crime
- falsely represent that they operate or work for a credit reporting company
- say you will be arrested if you don?t pay your debt
- say they?ll seize, garnish, attach, or sell your property or wages unless they are permitted by law to take the action and intend to do so
- communicate with consumers at their place of employment after being told this is unacceptable or prohibited by the employer.
- say that legal action will be taken against you, if doing so would be illegal or if they don?t intend to take the action
- use a false company name
- take or threaten to take your property unless it can be done legally;

The debt collector may not garnish your wages unless there is a court order to do so.
+ Many Federal benefits (including Social Security Benefits) are exempt from garnishment

You have the right to sue a collector in a state or federal court within one year from the date the law was violated. If you win, the judge can require the collector to pay you for any damages you can prove you suffered because of the illegal collection practices, like lost wages and medical bills. The judge can require the debt collector to pay you up to $1,000,

Report any problems you have with a debt collector to your state Attorney General?s office, the Federal Trade Commission, and the Consumer Financial Protection Bureau.

Source:
https://www.consumer.ftc.gov/articles/0149-debt-collection

So I got a call from a company named Texas arbitration and spoke to a Ms. Davis. about a debt that was 5 years old. Back in 09 I had a bank account that went negative and never got right with it. She told me that I was going to have a warrant for my arrest and that I would be charged with malicious intent to defraud a financial institution unless I agreeded to pay the amount of $1,191.00. It seemed legit because i had and account with them and owed them that amount. I bought into it because I was afraid that I was going to have someone come after me, so I gave in and gave the lady my debit card info from my current bank and told her to split the payments as I could not do the whole thing at once. After doing a bit of research and reading similar events that has happened to people I realized I've been had. So what do I do now? Anyone else have the same call?