Jefferson Capital Systems LLC. On May 18,2015, I recieved a Collection agency envelope in my mailbox. At that time, I did not know it was a letter from a Collection Agency,what was strange to me was the return address was just a P.O. box number, 1120 and a city. Charlotte, N.C. 28201-1120. St. Cloud Minnesota

Jefferson Capital Systems LLC. On May 18,2015, I recieved a Collection agency envelope in my mailbox. At that time, I did not know it was a letter from a Collection Agency,what was strange to me was the return address was just a P.O. box number, 1120 and a city. Charlotte, N.C. 28201-1120. I was suspicious! I opened the envelope and read the following: regarding an old Charged off debt to Fingerhut/Axsys National.

The charge off date was 02/28/2002, the amount was for $679.69. I do not owe that much due to the fact that I returned many items to Fingerhut at that time. I was living in Iowa at that time. Anyway,Jefferson Capital was offering me a way to pay off this charged off debt for low monthly payments of $34.00 a month for 12 months. In return, I would qualify for an unsecured Mastercard credit card using their new Payment Rewards Program. I almost fell for it,glad I did some research and read further down the letter to the CATCH!

They call this a Debt Solution. This is what I read; This information is not Legal advice. The law limits how long you can be sued on a debt. Because of the Age of your debt, We(Jefferson Capital Systems) CANNOT sue you for it and we will not report it to any Credit Reporting Agency. However, in many circumstances,you can renew the debt and start the time period for the filing of a Lawsuit against you, IF you take SPECIFIC ACTIONS such as making a certain payment on the debt or making a written promise to repay the debt You should determine the EFFECT OF ANY ACTIONS YOU TAKE WITH RESPECT TO THIS DEBT! I am disabled and live on a fixed low income. I did some further research on NOLO online.

The statute of limitations on old debts in Iowa is 10 years. In Idaho, it is 6 years. When I realized how close I came to falling for this SCAM, I was Horrorified! This is INSIDIOUS!! This Collection Company must be stopped, NOW!! What if I were a lower mentally functioning individual who did not know any better and sent off a payment opening myself up to a Lawsuit? CONSUMER, BEWARE!!) St. Cloud Minnesota