Got a mail on a credit card account cancelled over 11 years ago for a bill of 3 grand... Evidentally it's been charged off but this company tries to go and collect it anyways ovvering 50% settlements for a one time pay or 70% if stretched over time...
Don't buy into thier BS... Check for the debt statute of limitations in your state before calling them or sending them a dime... Likeley the damage you did to your credit report is so gone by now it won't matter anyways. And legally IT IS NOT COLLECTABLE. They got real upset when I told them there are only 3 states in the country who's Statute of limitations had'nt run out yet on thie and I'd never lived in any of them let alone at the time of this debt being incurred.
Check http://www.creditinfocenter.com/rebuild/statuteLimitations. Shtml#2 if you are wondering what it is for your locality.
But once it's charged off these lowlifes try to make thier money preying upon people who are past thier past mistakes and might be afraid of sliding back into thier old problems again... Again do your due dilligence and tell these creeps to get lost if past the statute... They can't do ANYTHING legally...
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