Originally posted on August 5, 2015.

Repost because they’re back. It’s tax time. A lot of people have extra cash so why not take advantage of them while they have money?

Back in my early 20s, I bought a car I couldn’t afford. A lot of people do that, and I was one of them. When I lost my full-time job and had only a part-time pizza delivery job to support myself, I called the bank that loaned me the money and told them to pick up the car. It got sold at auction.

That was 2003.

This morning I got a call from a company named, “Jacobson and Wright,” stating they had a legal action against me. I identified myself and asked them what this was, and they said “There was a car purchased through [bank I didn’t remember the name of] and you have an outstanding balance of $13,500 to pay back.”

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I said, “that’s funny. I owe far less than that on my current car loan and the last auto loan I had was repossessed over a decade ago. When it sold, I owed like $2,000”

He replied, “Yes. That’s the one we’re talking about. There’s a legal action against you for that amount.”

I asked him for something in writing and he demanded a payment. I said, “no. I need to see what legal authority you have to collect that debt.” He got mean and started threatening me.

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So I hung up.

I looked up their website and it appeared to have been put together with a text generator.

Watch out, folks. Your past mistakes can keep coming back because unscrupulous people want to make a buck. They’re buying charged-off debt that can’t legally be collected anymore. The only entity that can really hold a debt against you after seven years is the Department of Education. If you made a mistake more than seven years ago, walk away from it. Legally they can’t do anything to you.