Wednesday, April 09, 2008

Any Lawerly Types Out There Want to Answer a Question??

If you SUPPOSEDLY have a debt from 13 years ago, isn't that considered closed and off your credit report? In other words, should someone still be calling 13 years later trying to collect it?

If you don't believe the debt belongs to you in the first place (like fraud or identity theft) should you still pursue clearing it up?

From what the debt collector said, the middle initial and last name of the person concerned were wrong (last name had an extra letter at the end that didn't belong there) but the SSN was correct. This person does not remember ever having a Sears card but supposedly they have an outstanding debt of about $2000 from 1999.

Any advice would be appreciated.