September 14, 2015
I have an aged credit card debt from 2010 in the amount of $1689.46 which was established in California back around 2008, before I was married to my current wife. It was purchased by Midland Funding after I started missing payments in 2010 when going through a divorce, and they attempted collection through the years.
I recently moved to Arizona in June 2015 (after the statute of limitations expired in California at 4 years, but before it expires in Arizona at 6 years), and Midland immediately sent me a letter threatening to refer the case to an attorney for "legal action". I ignored the letter as I figured the debt was now beyond the age that it could be sued for.
I was contacted by an attorney who buys junk debts (Bursey & Associates) and asked to pay the amount due, or else they would take me to court to get a judgement. My wife was also contacted and threatened with being sued, even though the debt was mine prior to our marriage! I called and asked Bursey & Associates about this, and they rattled off that Arizona was a community property State and that I should "Google it".
Is it worth pursuing them for these threats, or is this something that I should just settle since it is a relatively small amount of money, and would quickly be eclipsed by attorney's fees?
May 5, 2013
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