Complaint Review: Merchants' Cridit Guide - Chicago Illinois
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- Author Confirmed
- Merchants' Cridit Guide 223 W Jackson Blvd Chicago, Illinois U.S.A.
- Phone: 888-249-4134 Ext 75
- Web:
- Category: Collection Agency's
Merchants' Cridit Guide told me I owed money on debt that was 15 years old and closed. Chicago Illinois
*Consumer Suggestion: David, this is exactly why you NEVER speak to any collector on the phone!
Show customers why they should trust your business over your competitors...
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.
This report was posted on Ripoff Report on 10/07/2006 07:27 AM and is a permanent record located here: https://www.ripoffreport.com/reports/merchants-cridit-guide/chicago-illinois-60606/merchants-cridit-guide-told-me-i-owed-money-on-debt-that-was-15-years-old-and-closed-chi-214629. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Suggestion
David, this is exactly why you NEVER speak to any collector on the phone!
AUTHOR: Steve - (U.S.A.)
SUBMITTED: Monday, 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.
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