Target and Collection

[dieselcafe]

I owed target $941.61 on the account that I  had with the many years ago. The account  had also been closed many years ago that it did not even show on my credit report.  Today, I received a letter from Law Offices of Mitchell N. Kay, P.C. stated that they represent their client/creditor Asset Acceptance,  LLC Assignee of RNB Target to give me an opportunity to settle my debt with a lump sum payment equal to 40% of the balance due which is $376.64. 

Should I pay them? Because  I do know I owe target money.  Or should ignore it given that it is not on my credit report?  

Thank you very much for your input. 

[Anonymous]

Is this beyond SOL?

When did you default and when was last payment made?

Check your state statutes regarding SOL and resetting it.

I would only advise someone to pay a debt beyond SOL if they can PIF, that way they don't reset SOL and end up getting sued and not being able to pay the remaining balance to avoid a judgment.

[dieselcafe]

I opened the account in mid 90s and and the account was closed in late 90's as I  can remember.  I dont have any target card since 2000.  

I am not sure what state to use for the SOL as the account was opened  and closed in California.  I live in Boston, MA now.  the law firm they sent my account to is also in Boston, MA. 

[Anonymous]

Read the statutes for CA and see if they toll SOL when you move and if SOL expired before you moved.