Legal Question in Credit and Debt Law in Missouri

Old debt ''write off''

I went through a divorce in Sept 2004, and in that divorce my ex-husband was awarded a motorcycle that was in both names. In the divorce decree it states that he's reponsible for the debt of this vehicle. In the process of our divorece he quit paying the monthly bill and therefoer it was repossesed by the creditor. I received a notice in the mail in Nov 2004 (after our divorce was final) that the credit had collected the vehicle and we sell it off. I have not heard anything since until earlier this week from a debt collector. Stating that there were going to proceed with legal action because I could not pay the remianing balance of the motorcycle. I asked them if they had tried to contact my ex-husband since he's the primary person on the account and they would NOT answer that question. I was curious so I ran a credit report on myself and saw where the account was closed by the creditor in July 2004 with a remarke stating ''profit and loss write off - 0 balance'' I am little confused as to why if the original collector wrote it off...why is 3rd party agency contacting me threatening legal action? I just want to know what my rights are. Thanks in advance for your help.

1 Answer from Attorneys

Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Missouri

Looking for something else?