I sold a car at a loss in 99 and paid the difference to a lender that no longer exists.
Years later I start getting dunning notices for about 800 bucks.
Find that somehow I still owe this money and the debt was sold to a recovery company. It's hurting my credit and I'm fixing to buy a house in 2007. Original loan company is out of business and there is no way of finding out what happened or getting my money back.
I'm pissed but I pay it.
I've moved bought a houses etc and it was on my credit report as an old debt paid.
Now I'm getting these dunning notices from the same company 7 years later for the same thing.
Anyone ever had this happen?
My bank is trying to help me find these records of this old payment but "they aren't hopeful" for a variety of reasons .
Any ideas?
Otherwise clean credit.

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Posted by The Spleen

Member since Dec 2010

38865 posts

Posted on 10/16/14 at 2:15 pm to chuckie

No, but check to make sure it's outside the statute of limitations for recovery and if so, send them a cease & desist letter. I wouldn't even worry about proving you paid it to them if it's outside the statute of limitations. And don't acknowledge it in any way.

I dealt with a couple of these collectors that buy these old zombie debts. Both of mine were similar situations where I thought my account was settled, and moved a couple of times before they tracked me down. They're relentless, but will stop if they see you know collection laws. Google zombie debts.

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Posted by tes fou

Member since Feb 2014

838 posts

Posted on 10/16/14 at 3:26 pm to The Spleen

If they try to collect you can sue, and you can win, way out of statute of limitations.

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