What is the name of your state? Missouri
Today I received a phone call from a collection agency regarding a credit card balance of $470 from 1997! This is the first time in eight years I have heard of this debt. I called the credit card company and was told they wrote off the debt in September, 2004. I am amazed as I've never received a bill or a phone call regarding this bill before today. Eight years later, I have no idea what the bill is for. My understanding is that the SOL has run out. I believe that this bill has not shown up on my credit report as I have bought a home and a car in the past two years. Am I legally obligated to pay the collection agency or since the SOL has run out can I send them a cease and desist letter? Please advise.
Today I received a phone call from a collection agency regarding a credit card balance of $470 from 1997! This is the first time in eight years I have heard of this debt. I called the credit card company and was told they wrote off the debt in September, 2004. I am amazed as I've never received a bill or a phone call regarding this bill before today. Eight years later, I have no idea what the bill is for. My understanding is that the SOL has run out. I believe that this bill has not shown up on my credit report as I have bought a home and a car in the past two years. Am I legally obligated to pay the collection agency or since the SOL has run out can I send them a cease and desist letter? Please advise.