Recieved a letter for a collector today stating you owe $xxxx which "matured" on 11-02-96. Then they went on to say if I didn't pay in 14 days they would start legal proceedings. It's waaaaaaaaaay past the SOL in my state. What do you think "matured" means in this context? It's not the DLA.
it became 21... went on a drinking and eating binge... and became a large, loud, angry debt who hangs around all the wrong types...leather jacket wearing collection agents who smoke and drink and cuss and try to bully people over the phone..
wait for day 15. Call em and ask if they started legal proceedings. If they did not then they broke the FDCPA statute which states they cannot threaten to sue if they do not intend to. It would be really funny but do not tell em you are sueing. I always say strike first.
That's a good one. That's funny...... He could be a good guy who registered to vote, signed up for selective service, got a good job and apartment? But seriously, I wonder what that collection term means?
Specifically the letter states, "We have verified your employment or confirmed the ownership of certain assets. If payment is not received within 14 days from the date of this letter, we shall refer this matter to our attorney to take legal action." Is that a threat?
It would be a threat to someone who didn't know about this board, and didn't know their rights I think it is funny that they chose NOW, this month, this date to send you this letter. They are making it sound as if the entire world depends upon the next 14 days. Looks like they should refer to their attorney about how they can't collect for SOL debts instead of bothering you. I don't mean to sound flippant, but I have gotten a few SOL letters recently, and they are so bothersome.
I believe it's not legal term in any way... but just a choice of words to say the debt is due. Normally it's used for items such as bonds... Dictionary def: Having reached the limit of its time; due: Eg: a mature bond.
It is not even in the "Collection Agency's Dictionary" which I have posted on my website. However, after consideration, it probably means "old and toothless" in other words,beyond SOL and uncollectible.
The letter also states, "as the owners and holder of the debt, we are entitled to be paid the total amount due." I guess in a couple more days I'll see what they intend to do about it.
OT Joke Reminds me of a joke my girlfriend told me... Q: What is the difference between a savings bond and a man? A: Savings bonds mature. Ha ha..
Re: OT Joke Seriously, these collectors love to use these little "catch" words to try and scare you. All in some silly attempt to collect on something they can't legally collect. Remember this, through all their garbage, the worst a CA who actually owns the debt can do to you is obtain a judgement.
Re: OT Joke I already sent them a C&D letter a few days ago. Do you think if they had a chance to collect they would tell me, or they wouldn't show their hand before court?
