Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy litigation attorney here to assist you.
What is the debt from? Credit card, medical bills, etc.?
Thanks. In this circumstance, the debt is not collectible as the statute of limitations is 3 years from the date the agreement/contract was breached. Thus, you're way passed the statutory timeframe to be obligated to pay.
This credit agency has likely purchased this written off/charged off debt from the original creditor for pennies on the dollar and is just fishing to see if you'll offer to pay anything - if you offer to pay or acknowledge the debt, the statute of limitations can be renewed.
Thus, you should just send them a letter stating that you don't owe the debt and any collection attempts are barred by the statute of limitations of Colorado Statute §13-80-101 (http://gregtiemeier.com/uploads/statute_chart.pdf - on page 3) and if they don't you'll report them to the Federal Trade Commission for violating the Fair Debt Collection Practices Act. http://www.ftc.gov/os/statutes/fdcpajump.shtm