I recently recieved a letter in the mail stating I owe money for a Payday loan. This payday loan was paid off over 5 years ago, and had never gone to Collections. Just last month I ordered my credit report again, and saw this company, Paragon Way on there. I had never heard of them, nor had I ever heard from them. I put in a dispute stating this is not my account whatever the account was.
A month later, I recieve this letter. This letter does not state very much information except that it was a payday loan. And that if I call to make arrangements the interest will stop accruing. The interest is 3.56. This is a fraudulent debt and It smells like a big scam. I have found other sites where it states they buy fraudulent debts and attempt to collect on them.
This information is on my credit report and I would like it removed.
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