Plaza Associates?

Because they want to know if they take you to court and win, will they be able to garnish your wages. That's why. I would call your original creditor and ask if they still own the debt. Ask if a CA has purchased the debt or if it's been assigned to a CA and who that CA is. That way, you'll know you're dealing with the correct people. If the debt is old enough that it's been sold multiple times, send a debt validation to the CA before negotiating anything.

I plan on sending the letter...will they sue me based off of that? This was the first I heard from them? They seemed very aggressive. The person I spoke with and the supervisor both sounded foreign. I really don't want to be sued...I'd pay a debt if it were real. How should I handle this once I send the letter.

Your answer kind of scared me about that 'working' question...

In addition, what is the SOL on this alleged debt? It is related to a bank overdraft. I live in NJ now, but lived in PA at the time of the initial debt...

SOL is based on the state in which you live. If you lived in PA at the time and now live elsewhere, it probably wouldn' t apply anyway because the SOL clock can stop ticking when you leave the state. Did you overdraft your bank account and never pay if off? If so, then you owe the amount of the overdraft plus an account closing fee. I'm sure you know if you owe this or not. If you do, and the CA can validate it, then set up a payment arrangement and be done with it. If they cannot validate, it will likely bounce back to the original creditor (your old bank) and you can pay them. Overdrafts can be tricky. I'd take care of it asap. Sometimes fraud allegations come into play. They're hard to prove but they look bad. Do NOT pay this CA anything until they validate. If they can't validate, then you should call your old bank and work it out.

6 years. Be wary of any company who won't send you anything in writing, they are likely acting illegally.

Being sued is not as scary as it sounds and it afford you the opportunity to demand all the documentation to substantiate their claims. The fact they are attempting to collect yet a different company is listed on your credit report is HIGHLY suspicious!!!!

Send them a debt validation letter. As I said, if they sue you bring in a copy of your credit report to show the judge that you refuse to pay a strange company when a totally different company claims to collect upon the debt.

Thank you for the information. I will definitely be contacting the bank.