Legal Question in Credit and Debt Law in Texas

I recently received a phone call from a collection agency concerning a pass debt on a credit card with a $1,500 limit. They told me including fees I now owe $25,000 but they were willing to settle for $11,000. Is this possible and and I required to pay that amount?


Asked on 10/26/11, 4:19 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Don't, don't, don't talk to these people, even for one second. Hang up on them, 100% of the time. They do not have hearts or souls. And do NOT send them any money.

The debt is probably barred by the statute of limitations.

Read more
Answered on 10/28/11, 10:40 am


Related Questions & Answers

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