I have a zombie debt from 1997 that a company is calling about now. It was from a large retailer and while I’m pretty sure it was paid (Only a couple hundred dollars) I won’t swear to it, it’s just too far back to be sure of. Texas law says soL has ran out (4 yrs). I can do the registered letter thing but from what I’m seeing here is they’re entitled to try and pursue it anyway. I would rather not open any dialogue with these folks as they are just a little lacking in the mind your manners department. I don’t trust them to not try to claim that I have reopened this.
What I want to know is how to stop them from calling. A Cease and desist letter from an attorney?
You have two choices.
First, you could pay the debt and keep proof the debt was paid and never have to deal with this again. Paying is an option if you weigh the value of your time versus the amount it will cost you in time and money to deal with this.
Second, if this company does not own the old debt and is a debt collector, you could send them a cease and desist letter. You don’t need an attorney to do that.
But, you need to take a look at your consolidated credit report and see if it is reported on any of the three credit bureaus. If it is reported as an open collection item then it is lowering your credit score, so pay it and close the item.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.