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Trying to collect on time barred

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I got a interesting letter from a debt collector yesterday. It said they would accept 12 monthly payments of $300 as full and final resolution on the account.

The full balance is $8300

it goes on to say...the law limits how long you can be sued for a debt. because of the age of the account, we cannot sue you. if you do not pay the debt, we may report or continue to report as unpaid.

im guessing this is from 2012ish?


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