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Statute of credit card limitation is now over, why am i still being harrassed?
In Colorado, during 2001-2004; i was a third 1/3 partner in a small business, in which i was the only partner with good credit. We opened all business CC accounts in my name. Business dissolved in 2005. I am now being harrassed over-n-over, calls & letters, for one CC debt the business did not pay. All were paid except this one. It was NOT my personal debt.
Its now 2015, I now reside in Florida. Am i liable? I stopped the calls by blocking but they come up with new phone numbers constantly. They have found out my new place of residence so now the letters keep coming. Debt now is up to around 2K with all the late fees and interest.
i am frightened that they will sue and i will have to go to court. I refuse to pay this. it was not my personal spending nor was it my blame for non-payment.
Will I have to go to court if they make me?
FORGOT to mention: this was sold to Debt Collectors who are now the ones calling and writing letters NOT the CC company.
oh and yes once about 3 years ago, a debt collector called for the first time and i answered and DID speak to them not knowing who they were, i naively admitted this yes, was a debt that we had incurred, not knowing what was happening (my first time dealing with debt) so now i think I am screwed. i have since refused to pay, or to answer their calls/letters.....
4 Answers
- Mr PlacidLv 76 years ago
You are being harassed because the debt buyer hopes to get an easy $2000 from you. You can stop the harassment by telling these guys to send all future correspondence to your attorney.
If they sue you, then you file for dismissal based on the fact that the statute of limitations has long passed.
- Lone CatLv 76 years ago
You can just ignore them, like valleycat and psalm suggest. The only thing they can do to you is to sue you, and they probably won't do that over 2 grand. It's going to ruin your credit rating for awhile.
Or you can try to settle with them. They will always settle for half, but in this case I think you could get them to settle for a LOT less. If your good at bargaining, then I would try to settle with them.
You signed for the debt. By basic definition that means it's YOUR debt. It means they can come after you. It means they can harass you. It means that you can NOT say that the debt belongs to someone else. That's the definition of signing for the debt.
Addition.
You can take your former partner to court for the debt. You can sue in small claims court.
- 6 years ago
These are only empty threats. Whenever you get a phone call, get the name of the collection agency and the caller's name. Write it down. Then, simply state, "All further correspondence must be done through U.S. Mail". If they contact you any further by phone then, you will be the one with grounds for a lawsuit.
- Valleycat1Lv 76 years ago
if your name is the one on the account then you are the one who is supposed to pay. however, for 2K I seriously doubt anyone will sue you. It is now in the hands of debt collectors, and the only way they make money is to collect what they can on the debt. continue to ignore them and eventually they will move on to some other debt. Do NOT talk to them or respond to the letters; in some cases if you do so it restarts the clock.
