I have a credit card debt from seven years ago that I thought was closed. I actually thought I had settled the account years ago but it still shows up on my credit report as closed " Account transferred or sold... closed"
They called, left a voice mail threatening to file a judgment and so I called them back and out of fear I gave them a check over the phone for $540 and another for $1500. I then stopped payment on the second check after I realized I had absolutely no documentation and that this was a seven year old credit card debt that I thought was closed. The first check cleared but it was only for 281, which was actually the check number. Their mistake. They have now sent me a settlement letter, via email, saying the $1500 will clear the account but still no other documentation. Isn't there a statute of limitations?