Unaware/Unknown Collections on Credit Report

by Chris
(Suisun City, CA )

Hello I just pulled up my credit report (Trans Union)reported that I had 1 collection on it. I wasn't aware of it, so I contacted the number and they stated that my ex-husband (We divorced in 2009) apparently sold a vehicle that was registered in our names, my ex stated he completed and sent in the transfer to DMV, per DMV a transfer was not received. The collection was opened up in February 2014, but I was unaware of the situation until I pulled up my credit report and the collection agency (Finex Group) stated that since the car was last registered in both our names that I was liable for paying, since my ex didn't, I also assume they were sending him correspondence to his place of residence. I have worked really hard on my credit to get it to where it is and now this.

My question is, should I contact the original creditor, which is a towing company and try to see if I can work out a deal with them, I live in California and per the collection agency it is accruing interest and is currently at $2500, she wanted me to pay it right on the spot.

Reply from DebtCollectionAnswers.com:

I am a bit confused. Can you please clarify what this collection is for (what is the debt) and when the original date for this debt would have been? Collection accounts may only be reported for seven years plus 180 days from the date of original delinquency. In addition, the statute of limitations for most consumer debt in your state i four years so it could be beyond the statute of limitations. However, it's hard to comment since it's not clear what this is for. If it's a government related debt it could be different.

While you are at it, please read our free ebook so you understand your rights.

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