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Debt collection advice from recovering agency

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idieye

Junior Member
I live in Alabama and I was contacted by some recovery agency. They were attempting to collect a credit card debt I had in 2000. They even informed me that the debt fell off my credit in 2009. After telling me that with the interest I owe them $6000 and that they will freeze my assets if I don't pay them they offer me to settle the debt. I told them that I don't remember the credit card and don't think it's mine. After 45 minutes of going back and forth they offered me to settle for $1300 and sue whoever opened the account to get my money back. I made a payment of $200 over the phone since I had no idea of what to do. After a week the rep called and agreed to reduce the settlement to $500. What are the solutions to this issue and how can I handle this problem?
 


Zigner

Senior Member, Non-Attorney
I live in Alabama and I was contacted by some recovery agency. They were attempting to collect a credit card debt I had in 2000. They even informed me that the debt fell off my credit in 2009. After telling me that with the interest I owe them $6000 and that they will freeze my assets if I don't pay them they offer me to settle the debt. I told them that I don't remember the credit card and don't think it's mine. After 45 minutes of going back and forth they offered me to settle for $1300 and sue whoever opened the account to get my money back. I made a payment of $200 over the phone since I had no idea of what to do. After a week the rep called and agreed to reduce the settlement to $500. What are the solutions to this issue and how can I handle this problem?
It's unfortunate that you paid anything since this debt appears to have been outside the statute of limitations.
 

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