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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.

Va
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Comments

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

    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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