Merchants Credit Guide, Rick Hunter ripoff trying to collect on excused debt from 13 years ago Chicago Illinois
My roommate received a call from Merchant's Credit asking to talk to me, and then rattled off my entire social security number to this person. The individual from Merchants who called me gave his name as Rick Hunter.
I called Rick Hunter and asked what he was calling me about. He stated they were trying to collect on debt from a credit card from 1992 - 13 years ago. This debt had been taken care of in 1999 when I purchased my house.
Through many more phone calls, I was able to speak with a manager who explained that in the state of Illnois, the statue of limitations on uncollected debt is 20 years ago. Here is another problem, the debt in question was from a credit card issued out of New York.
I am going to report this to the Illinois Attorney General's office and to the Federal Trade Commission.
These people need to be stopped.
Tia
Minneapolis, Minnesota
U.S.A.
3 Updates & Rebuttals
Steve
Bradenton,Florida,
U.S.A.
Statute of Limitations
#4Consumer Suggestion
Thu, January 19, 2006
The Statutes of Limitations for debt collections is different in every state.
There is no difference between secured and unsecured debt as previously suggested.
The 3 different variables are:
1. Written Contracts
2. Oral Contracts
3. Promissory Notes
In CA where Karen lives, the SOL is 4yrs on both written contracts and promissory notes, and 2 years on oral contracts.
SOL range from 2 to 15 years on credit card debt depending on your particular state, and type of agreement.
Steve
Bradenton,Florida,
U.S.A.
Here are the REAL facts on SOL IL & NY
#4Consumer Suggestion
Mon, January 16, 2006
IL: 10 years for written contracts which includes most credit cards. 5 years for oral contracts.
NY: 6 years, all debts.
You need to file separate complaints to the FTC for each violation. This maximizes the number of complaints in the database, which causes enforcement.
Also, check your credit report, most likely you have a collections entry now to deal with.
Send the collector a cease communications request. Send by certified mail, return reciept requested.
Karen
Norwalk,California,
U.S.A.
LEGAL STAUE OF LIMITATIONS IS 4 YEARS
#4Consumer Suggestion
Mon, January 16, 2006
I have had dealings with the very same company , and I need to inform you that the statue of limitations on open debt collection is 4 years (based on un - secured debt) and ( 7 years on secured debt). So there is no 20 year limitation on debt collection.
You shold refer to FDCPA Laws