i have not add an account with them and they claim that i owe them money from 1996? HUH!|?
2007-02-10 02:25:15 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Check to see what the "statute of limitations for written contracts" is in your state. It has likely already passed. The debt should have also dropped off of your credit report 4 years ago.
What this means is that you owe them nothing, and they are hoping that you will not know your rights and pay them.
You can send them a cease and desist order to stop all contact regarding the debt. If they refuse, inform them you are happy to sue them for violating your rights under the Fair Debt Collection Practices Act.
2007-02-10 04:20:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
So ask them for proof of this claim. What form does it take - credit card, signature loan, mortgage, car loan, personal loan? Ask to see signed forms, and any other information that proves that you were the one who made the loan.
Then it's up to you to show that the person who signed it isn't you. Find documents that you lived 4 states away at that time, or show that the signature isn't yours, for example.
And if you DID take out the loan and you forgot it, then you are still liable, both for the loan principal, plus any interest that has accrued, plus any penalties or other expenses as the loan contract calls for. Just because the note is 11 years old doesn't mean that you are excused from it. Your signature on the contract, assuming that it really was you, was a legally binding promise. Step up to the plate and be an adult about it.
2007-02-10 02:33:09 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
If you owed another company money they might have sold your account to another company to try and collect that money from you called and check to see if they bought you account from someone else and if so who.
2007-02-10 02:29:55 · answer #3 · answered by Jessica H 4 · 0⤊ 0⤋
There is a timeline for debts, think they are trying to collect $$$. If you have never had account with them, challenge them to prove it in writing.
2007-02-10 02:29:54 · answer #4 · answered by Kathleen B 2 · 0⤊ 0⤋
Tricky question. Statutes of limitations vary by state and it also varies in terms of how your account was "worked" in the past. Maybe take a look at this webpage, it might help...
http://www.creditmanagementworld.com/legal.html
2007-02-10 18:49:44 · answer #5 · answered by pagamenews 7 · 0⤊ 0⤋