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Originally Posted by Deadset
Sorry to hear that Hammie.
You can fight it on principal and spend probably double what it would cost just to pay them off. If you do pay them off, better get a written letter from them showing a zero balance...and keep the letter forever.
They have to show proof that you owe the debt though. They could also sell the debt to a collector (if you don't pay) many years from now stating you owe the debt. This happens all the time. They will buy the debt for pennies on the dollar and harass people for the money. Most of the stories I've heard end up with a settlement and letter of the settlement.
Finance is sort of a hobby of mine and I listen to radio shows frequently.
Good luck.
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Thanks for the info.
First, I am going to dispute it and ask for written proof of the debt. If I do end up paying, I will try to get a letter of payment. Maybe a certified check or something. I think that means of payment has legal relevance.