- Report: #214629
Complaint Review: Merchants' Cridit Guide - Chicago Illinois
-
Author Confirmed
Why?
Merchants' Cridit Guide
223 W Jackson Blvd Chicago, 60606 Illinois, U.S.A.
Phone:
888-249-4134 Ext 75
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Merchants' Cridit Guide told me I owed money on debt that was 15 years old and closed. Chicago Illinois
The Merchants' Credit Guide Co. told me I owed
money on cridit card debt.
The debt was from 15 years ago and closed.
They kept calling me and told me to pay much
more than the debt was.
They frightened me into giving them $100 a month.
I'm on SSDisability because I have AIDS and I told them I couldn't afford to pay them.
They said they would make me pay.
David
Westford, Massachusetts
U.S.A.
money on cridit card debt.
The debt was from 15 years ago and closed.
They kept calling me and told me to pay much
more than the debt was.
They frightened me into giving them $100 a month.
I'm on SSDisability because I have AIDS and I told them I couldn't afford to pay them.
They said they would make me pay.
David
Westford, Massachusetts
U.S.A.
1 Updates & Rebuttals
Steve
Bradenton,Florida,
U.S.A.
David, this is exactly why you NEVER speak to any collector on the phone!
#2Consumer Suggestion
Mon, October 09, 2006
David, I'm sorry to hear you fell victim to these bottomfeeders. However, making that payment just re-affirmed that old debt which was previously uncollectable. It reset the statute of limitations, thus created a new debt. They can now sue you for it and get assets or wage garnishment. The statute of limitations in MA is 6 years. They could not have forced you to pay, as this "debt" was not legally collectable, and they knew it! Merchant's Credit Guide Co are JUNK DEBT BUYERS. They buy these old uncollectable debts for far less than a penny on the dollar. The only thing you can fight now is the amount that they are coming after you for. They can only atempt to collect the actual amount that was owed to the original creditor. And if you have no assets and/or are only on SSi/Disability thay cannot get anything even if they do sue you. I wouldn't pay them anything else if this is the case. You might need to get a lawyer involved to fix this mess now.
