15 year old credit card debt

by luis
(los angeles.ca)

My ex wife had opened a credit card under my name over 15 years ago, i found out about it when it went delinquent. I have never heard anything about it being in collection until last august? this account was not opened by me so i don't consider it mine. the collection agency is trying to collect now> can they do this after 15 years, why until now??

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Jun 02, 2010
old debt not yours
by: Gerri

Luis,

Your debt was probably purchased by a debt buyer for pennies on the dollar. These companies buy very old debt and then try to collect.

According to my sources, however, the statute of limitations for most consumer debts in California is four years. That means you are probably safe in sending the debt collector a letter asking them not to contact you again.

You can read our advice on using a cease and desist letter to stop a debt collector.

Keep in mind this is educational advice, not legal advice. And I believe you would find the California edition of our ebook, Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights helpful if this debt collector persists in trying to collect from you. It explains the California law, the Rosenthal Act, that offers additional protections.

Jun 06, 2010
Same 15 hrs limit but out of State over draw
by: Anonymous

Am I responsible for an out of state over draw not made by
me,? Bank has no record back 15 years ago.

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