Legal Question in Credit and Debt Law in Georgia

Back in 2001 I signed a lease for a credit card machine for my business (which closed right after 9-11) I turned in the equipment and went out of business. Today, 5-17-2016, I got a letter from a collections agency telling me I owe the company over $5000 and that they are willing to take a settlement of $1039 if I pay before 5-28-2016. They further state that if I do not pay the settlement amount that they will review the lease for civil suit action. My question is this, If I have not heard a peep from these people in 15 years, wouldn't there be some kind of statute of limitation that would apply and what should I do? I have not responded to this letter yet as I wanted legal advice first.


Asked on 5/17/16, 6:16 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

It is way past the statute of limitations. Do not speak to or write them but do haveyour lawyer write them.

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Answered on 5/17/16, 6:22 pm


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