A law firm has just levied my account. They advised the debt is for $2562 from 1999 (20 years ago) by first premier bank. They said it’s a charge off on my credit report which is incorrect. This account has never appeared on my credit report as a chargeoff or delinquency. I am protesting the debt with the law firm as that is the only way they will request proof from the original creditor. I called first premier and they advised me that I am on file as an account holder in 2005 but that they delete all info after 5 years so they have zero information about the account. First premier told me if it’s never been on my credit report I can’t be sued for it. I’ve had no contact with this collection agency or any collection agency regarding this account. I’m dumb founded right now. Isn’t there a statute of limitation on this? Please any help would be greatly appreciated.
Normally I would think that in order to do that they have to have a judgement filed against you. Judgemebts are good fir 10 years, but in some states that can be renewed over and over Have you did a search on your states website, that is the first thing I would check. I would think there is possibly a judgement which wouldn't appear on your credit reports by the way.
Thank you for your reply. No I haven’t checked but I will. I just brought a house in July and not even on my title search did a judgment come back in my name.
Hmmmm, yes normally these always show up in title search? I would still check , because if there is no judgment, I don't think they can legally collect.
They actually levied the account. The bank doesn’t know for what or how much they just confirmed there was a hold. The collection agency can’t get the money until I give the bank approval.
Yes I would check the courts. And if they served the bank with court docs, they don't need approval. Been there done that
Did the law firm contact you as a debt collector (e.g., such as by sending you a standard dunning notice)?
Do they now own the debt? Have they reported to any CRA?
Is the debt, in fact, legit? Do you have any account records showing the history of the debt, including date of first delinquency?
Has anyone ever, to your knowledge, filed a prior civil complaint on the debt?
What did your bank state was the basis for their honoring a request to levy funds from your account? Any legal documents?
As for credit reporting, there is no requirement, federal or state, that a creditor or debt collector must report anything to a CRA as a condition for bringing any legal action.