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I RECEIVED A LETTER FROM MCM SAYING I NEED TO PAY BACK16.000 .IT IS NOT ON CREIDT REPORT.THEY BOUGHT IT FROM WLLS FARGO.
I RECEIVED A LETTER FROM MCM SAYING I NEED TO PAY BACK16.000 .IT IS NOT ON CREIDT REPORT.THEY BOUGHT IT FROM WLLS FARGO.
Send a letter via return receipt demanding validation, not verification of the alleged debt. If it's not on your credit report, that could be a good indication that the SOL has expired. If the debt is determined to be old enough to be excluded from a lawsuit for collections, then you would be within your rights to send a cease and desist letter. Only do this if the SOL has truly passed, otherwise, you can count on receiving a summons shortly afterward. In answering your post, I am assuming that the debt here is a standard consumer debt.