credit card debt

Kyra - Welcome.

First question: has this company verified the debt with you? From what you say, I even question if the SOL of the debt is passed.

And that statement about federal offense....yeah - that was a lie. They hope to garnish you wages to guarantee they make money off you. What kind of debt verification have they sent you? Or have then done everything over the phone.

Also - what is the name of these "investigators"?

They just told me it was a credit card from long time ago. I know that most the charges are just late fees.
They have mailed me some letters of the amount owed and the payment agreements. You cant garnish with out going to court right?

Not to my knowledge. But others can answer that better.

What company is this that is collecting?

I think it was originally Household Bank Credit card.
Really not sure. The current company is Asset Management or something like that. They claim to all be deputies or something when I call they say this is Investagotor Brown or whatever their last name is.

No it is not Asset management I have the info at home

Welcome to the Community :D Jedijeff is right, you need to get this properly validated. Just sending you a paper with what you owe isn't full validation. They will threaten any and everything. Keep notes on names they give you, dates they call, and all correspondence you,or they send. Next time tell them you need badge numbers, since they are deputies :lol: if they refuse,which they will, you know they are blowing smoke!!..Karen

Collection agency is passing hot smoke. You don't need to be worried about them. Just confirm when you did the last payment? It looks like it's already past the SOL. They cannot sue you in that case. Moreover, if the account is 7 years old, it's close to be getting removed from your credit report. A small payment will bring it into activity and the reporting will continue in your credit file. If you make a partial payment now and miss the remaining balance, companies will get a case against you since the SOL is already renewed from the last payment date.

Garnishment cannot happen without a court order. You will be served summon to appear in the court and present your case. The judge will decide if a judgment is needed to be filed against you. But with the SOL already expired, the case is in your favor.

Kyra- I meant to add this, check out your state laws and you will be armed with more info at http://www.fair-debt-collection.com/SOL-by-State.html#T Karen

ok thanks Bossy and Trenity
I made a payment in Dec 27 so are you saying I have 7 more years now because of that?

But MO say says Stat of Lim is 10 years looks like I am screwed it says in some cases they will reduce to 5

Yes, unfortunately, when your last activity(payment) is when it starts. Don't feel bad, before I came to this site, I did the same thing. That's what alot of these collectors will do, threaten you into making a payment, and it starts the SOL clock over..Karen

SOL gets renewed from the latest payment date. Call the original company and try to work out some arrangements with them. They will be a lot easier dealing with instead of working with any collection agency. Most of the times, the CAs violate the federal and state laws and produce accounts in disputed shape.