Can a 3rd party creditor sue for a “charge off’ after 15 years?

Can a 3rd party creditor sue for a “charge off’ after 15 years?

Today I received a settlement offer for a debt that I’m not even certain is bona fide. The letter was sent to a name that I have not been for 15 years. The settlement is around $5,500 and the account balance is in excess of $36,000. I could never had credit in this amount. I have lived at this address for 8 years and now I am getting correspondence. At the bottom of the letter it gives options to pay online, pay by phone or pay by mail. Should I write for verification? Should I send a cease and desist?

Asked on February 15, 2012 under Bankruptcy Law, Pennsylvania

Answers:

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