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Hello - Thank you for contacting JustAnswer. My name is Michael; I look forward to helping you with your legal problem today.
What exactly is your question?
My question is what should I do about this letter.
Do you owe the money?
According to the letter I do, but I have not stolen/taken anything that belongs to them.
them as in Sears Holding, the automotive center.
Yes. However, you signed an agreement stating you owe the money, right?
but as far as physical money, I don't owe them anything.
I signed a letter admitting guilt that I cost the company money
but they were initially trying to get me to say I stole money from the cash register
which I completely denied ever doing so
Yes. Does the letter simply say the things you did cost the company money? Or, does it say you went against policy?
all it says "On 04/05/2010 you admitted to causing losses in the amount of $3000 to my client, Sears Holdings, Inc.
Pursuant to your admission, this office has been retained by Sears Holdings, Inc. to assist them in collecting the balance
The rest of the letter is just then stating how to pay
For now, you can simply ignore the letter if you don't believe you owe them any money.
If they want to file against you, they will have to serve you with a complaint and a summons.
At that point, you can file an Answer stating your defenses.
I'm worried though, being jobless and returning to school, they may go after my parents who have been helping since my termination
They can't go after your parents.
Your parents do not owe them any obligation.
will this hurt my credit ratings?
if I choose to ignore the letters?
If they get a judgment against you.
Not by simply ignoring the leters.
Ok thank you so very much. You've brighten my day.
Hope it works out!
have a nice day