Monday, November 30, 2020

Tumblr User's Weird Debt Notice Is Scary Money Lesson


We've all gotten stupid scam calls about something being wrong with your bank account, and there are tons of scams people still fall for. This however, is something in between a lie and the truth. This person got a legit notice from someone who bought a small amount of forgotten debt and wanted them to basically reactivate it with some shadowy wording. Weird. 

1.

Text - cherryseltzer i just got a super predatory debt collection letter. it was for a $113 debt from citizens bank, who i had an account with when i was 16 (20 years ago). the letter appeared to be an offer to cancel the debt if i paid them $22.75. HOWEVER, the actual wording is, "The amount of the debt is $113.77 and we will accept $22.75." so, no MENTION of canceling the debt, but the implication is there because many collectors of current debt offer to settle for a percentage.

2.

Text - at the bottom of the letter, it says: "Because of the age of your debt, we cannot sue you for it and we cannot report to any credit reporting agency. 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 payments on the debt or making a written promise to pay."

3.

Text - basically. i don't owe this money anymore, the debt is so old they can't legally sue me for it OR put it on my credit report, BUT if i take their generous offer of paying them $22.75... they can sue me for the full amount because making a payment makes the debt current. no thanks, jefferson capital systems llc. feetlips always, always read the entire letter! it is so important because of semantic awfulness like this! Source: cherryseltzer

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