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Merchants Credit / Unauthorized billing

1 223 West Jackson BLVD Ste 900Chicago, IL, United States Review updated:
Contact information:
Phone: 888-249-4134

Is this a legitimate company?? I read some scary things on this site... I received a letter earlier this month stating that I owe almost $5, 000 in debt from a card opened up in 1994. (Foolish college student!) I spoke with them today and they said they can settle it and provide me with documentation that it has been settled if I send in a payment of $1500 by July 31st.

I told them that I was 99% sure that I had resolved all my debts and nothing shows up on my credit (having bought 2 homes in the past 6 years... they explained that not all lendors dig back that far and not all creditors report it...). They had all my old addresses and provided me with the last 4-digits of my SSN. I did not give them any of that.

They said a payment of $200 was made in 2000 and that was it... if I remember correctly, I thought that payment was to clear everything! But I have no documentation of any of this...

They also explained that this is a secondary line of credit (apparently I paid off a visa... but was then given a MC and this is what they are collecting on.) The company passed my account to another collection agency which then sold my account to these people...

Any advice is greatly appreciated.

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  • Ro
      22nd of Jun, 2009
    0 Votes
    Merchants Credit - Terrible company
    Merchants Credit
    United States

    It's been over 13 years and now they are calling, attempting to collect on a credit card debt from 1996! This guy was rude and pushy, too bad for him. Collection's is my game.

    Cease and Desist is in the mail.

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