|
|
Letter from Attorney, statue of limitations
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by frostdsnowman
(152.163.253.37) on August 19, 2003 at 01:02:49:
A couple of months ago I received a call from a collection agency representing "Associates Finance" stating I owe them $400.00. I know the last date of activity is 12/94. I tell her statue of limitations and she tells me I made a payment in '98 and restarted the clock. I do not remember doing this and even if I did the statue of limitations is 3 years (jewelry store account). Now I receive a letter from a local attorney stating they have been retained by Associates ro recover the debt. "Because of your default, Associates Finance has declared the entire balance due and payable. The outstanding debt is currently $400.00." The letter states I have 30 days to dispute or request verification. It also states "this is an attempt to collect a debt, any information obtained will be used for that purpose, and this communication is sent to you in our capacity as a debt collector." I have just purchased a house and have credit reports from the last 5 years. I know they reported on my credit until 12/2001. Now there are no inquiries or reporting from Associates. I just ran another report from all 3 agencies just to be safe. What do I need to do? Do I send a letter to the lawyer for C & D? What is this? I don't understand this tactic. Can they sue me? Should I send a letter stating last date of activity and show my hand? Thanks in advance for any advice!
Follow Ups:
Post a Followup
|
