A company purchased an old debt, is it still due to be paid?
I have received a letter stating that I owe a company a bill from 2005 for some books?? I do not recall placing this order, but it has my name and address and the amount due. It says that this new company RMI purcahsed this debt in 2009. I was told that if a 3rd party or whatever purchases a debt, then your debt with the original creditor is satisfied and you do not owe this new party. Is that correct? Also, it was in 2005, I have NO memory of this order being made, but like I said, same name and address that matches me, It was from a book club order by mail thing, which I usually buy all of my books at yard sales, used book stores, etc. I seriously do not remember EVER ordering books online?? Being that it’s 2011, shouldn’t this 2005 debt be off of my credit by now anyway?? So confused on this! I’ve been cleaning up my credit and paying some foolish debts I’ve gained over the years and there is this thing on my credit and some DVD club thing?? Neither of which I remember ever ordering from???