Boy oh boy....I miss one day and look what happens. All the kooks come out.

Hank, boy do Elaine and Steve really love their meds. Steve claims he'll sue any employer that tries to enforce any garnishment against him... Humm... My bet is doing something that dumb will find him out on the streets asking for change before he knows it.

I can see it now... First they'll talk a few of their acquaintances into taking out payday loans to cover any down payment required for High-Risk financing. Next, they'll get everyone who subscribes to this master plan, to pick out the car of their dreams at Barrie Ford and finance it either though TD or AutoCredit Superstore.

In a few weeks, when those peons realize that they buggered up and can't afford their payments, they'll all claim fraud was induced throughout the financing processes, and everyone will (attempt to) team up and try for a Class Action lawsuit (saving legal fees of course by using Hoddinott astute and through legal associates). LOL!!

CBC top headlines in the making right here... "How to take down your local car dealership 101!!"

Conspiring with Elaine I'll bet. lol

Thanks, HankBlank!

But the one thing that perplexes me - and follow me with this -

They get a guy from Canada Post show up, they sign for the document from counsel, asking for those 8 elements, likely thinking to themselves, 'oh crap'.

Do they go through files, realize that it's stat barred, and likely missing gaps, and respond? Do they try something underhanded?

If they just say, 'screw this, there are bigger fish', what happens then?

What happens with the alleged debt? Do they go back to TD Bank, shoulders shrugged, only to have them pass it on to the next mom and pop?

Would this go against my credit report?

The question about what would happen with the debt is more of a curiosity, really. I know that the banks budget for bad debt, making up more than the difference through service fees, interest, etc., and this thing was likely sold off for $60.00 or less at a collection auction (is that a thing?), or less (i see a soft inquiry by them in January, a week after TDCT.. so maybe $6.00? High return potential).

Is it sold off again? Buried at sea?

Again.. I like to learn.. even if it is about money's evil underbelly. Maybe even knowing enough that I could help someone out.

And I would have done the letter myself... but 1) I don't want to deal with them, I just don't have the patience; 2) I don't want a negative impact on my credit score and 3) nothing says fuck off like a letter from a lawyer.

So here's the scoop.. I want to know if I did the right thing, and if there are any repercussions from my actions..

First, I live in Ontario, and I got a call today from PIC, that I owe $600 on a TD account.. that was written off in 2010. I haven't had a TD credit card EVER, and I stopped using TD bank with $5.00 remaining when BNS offered me a student rate of $1.25/month for basic fees.

So anyway.. I tell the guy that I have zero idea (legit) what it is that he is talking about, and he tells me it's overdraft (something I have never, EVER had) and he keeps on telling me that he can send me information to refresh my memory.. and I tell him to go ahead.. and then he wants to confirm my address.. so I tell him that he should have it on file.

He tells me that he needs to confirm for privacy. So I tell him, 'buddy, you call me out of the blue, want $600 from me, and you have no idea where I live??'.

He replies with, 'sir, this is business, don't call me buddy'

I replied with, 'no, I run a business. You work in a call centre, give me your manager'

So he gets mad, tells me that she has no more information than I, and I tell him I don't care.. so he switches me over.. the first thing out of her mouth is, 'what's your address?'

Anyway.. So I ask her what her mailing address is, that I am going to be sending her a letter demanding information. She gives it to me, with no unit number. So I call back 20 minutes later, and I tell the girl that answered the phone that I am having counsel prepare a letter, and that I need a unit.. and she immediately starts getting defensive, and refuses to release that information to me, unless I provide information with who I am. Giving up, she finally yielded.

I checked equifax and transunion, and I don't have a single blemish - in fact, my credit score is 730!

I wasn't lying about the counsel thingm either - I did pass this to counsel (a friend) to draft a letter outlining a request of;

1. What the total assumed debt amount is
2. Detailed calculation as to how it was incurred
3. Provide a copy of the documented signatory evidence of my commitment to the obligation, with complete contract
4. Prove authority to collect on the assumed debt
5. Produce license to collect the assumed debt
6. Provide a copy of any judgement, if any
7. Identify the original creditor
8. Prove that statute of limitations has not expired.

With the addendum that if they can not satisfy any of these 8, they are to send me a release, and to make any and all correspondences written and through counsel, and that I expect those articles to be returned within 30 days.

My question to the forum is this -

Given all the steps I have taken above, is there any foreseeable crack in my defense that I should be aware of?

I honestly have no clue what money he is talking about, but would it have been better to front the money and move on? Avoid any phone calls, etc?

This alleged debt is at least 2 1/2 years old - does it apply to the 2 year statute, even if he keeps saying it isn't credit card debt?

If it is found to be statute barred, would that impact my credit score? What happens then?

This alleged debt is nowhere on my credit report.. but then again, neither is my mortgage.

Anyway..

Thoughts?

I've never been in this situation, so I'm a little pissed off and a little scared, to be honest.