I received a phone call claiming to owe Sears in excess of 1000.00. The alleged debt is from 1992, I live in Connecticut. I thought the phone call was a scam I'm not sure it isn't. Today I received a letter from ERSI who apparently bought the alleged debt from Cardinal Fin. Group. The letter did not come certified, just regular mail..
Since that time, I bought a home and took out a home equity loan on the property. At no time did this Sears bill show up in a credit report. The lenders went over my and my wifes credit throughly.. In all honestly I do not recall owing Sears anything. Furthermore, wouldn't Sears have taken action long ago if this were a valid debt?
I find it hard to believe that Sears forgot about this. In any event, since this doesn't seem like all out attempt to collect the alleged debt or it is a scam, I was wondering if a C&D letter was even warranted?
I appreciate any insight into this issue?
Thank you
Elect

