Collection on an extremely old debt?

[Xuchilbara]

So today I received a letter from Asset Acceptance, LLC stating that for $2,500 they would be willing to settle my husband's account of $5,000.

 

This is a debt I know absolutely nothing about. I checked my husband's credit reports (all save Equifax, I couldn't view that online for whatever reason) and found no sort of debt like this at all. If it's anything it might be debt from when my husband was younger and living in Texas but that was well over ten years ago.

 

This is the first letter or contact of any kind we've received. What's my next step here? I've been advised elsewhere to send a letter to dispute the debt and a cease contact order as well.

[jcraig]

So today I received a letter from Asset Acceptance, LLC stating that for $2,500 they would be willing to settle my husband's account of $5,000.

 

This is a debt I know absolutely nothing about. I checked my husband's credit reports (all save Equifax, I couldn't view that online for whatever reason) and found no sort of debt like this at all. If it's anything it might be debt from when my husband was younger and living in Texas but that was well over ten years ago.

 

This is the first letter or contact of any kind we've received. What's my next step here? I've been advised elsewhere to send a letter to dispute the debt and a cease contact order as well.

 

This is a complete scam.

 

Asset Acceptance LLC is in the business of bilking customers out of their hard earned savings.

 

Do not send them any money - and file a report with your general attorney

 

We need to put crooks like this in jail.

[Xuchilbara]

So today I received a letter from Asset Acceptance, LLC stating that for $2,500 they would be willing to settle my husband's account of $5,000.

 

This is a debt I know absolutely nothing about. I checked my husband's credit reports (all save Equifax, I couldn't view that online for whatever reason) and found no sort of debt like this at all. If it's anything it might be debt from when my husband was younger and living in Texas but that was well over ten years ago.

 

This is the first letter or contact of any kind we've received. What's my next step here? I've been advised elsewhere to send a letter to dispute the debt and a cease contact order as well.

 

This is a complete scam.

 

Asset Acceptance LLC is in the business of bilking customers out of their hard earned savings.

 

Do not send them any money - and file a report with your general attorney

 

We need to put crooks like this in jail.

 

Thank you so much. From what I gleaned from my husband after the fact, this would have to be at least 8 - 9 years old by now so I know it isn't something still within the SOL. This'll definitely help me sleep better and I'll see about getting in touch with the Attorney General.

[breeze]

Computers. Sometimes I think we were better off using paper files and 3x5 card files.

[Xuchilbara]

Computers. Sometimes I think we were better off using paper files and 3x5 card files.

 

Life sure was a hell of a lot simpler before the internet. Or at least it seems like it was... maybe it's just idolizing my youth now though.

[mnmb3640]

Would a FOAD letter work in this instance? Breeze?

[flacorps]

Asset will probably send a 1099-c if they are sent a FOAD or a cease communication letter or even a validation letter. The OP will need to balance the need to avoid tax problems against the desire to have Asset stop dunning and/or calling. Everybody's got a trash can and an "end" button, but they may not have the right numbers to use a 982 form to defeat a 1099-c, and they may not have cash to pay the tax on $5,000.