by DanielBl » Sat Jun 30, 2012 12:41:42 PM
You probably forgot about it. Later, Aktiv Kapital bought up the stats barred debt for a fraction of a penny on the dollar. Now as the principal, themselves, they have assigned it to a 3'rd party collection agency - in this case, Metropolitan. The ARO-Bay moniker refers to the fact that the Bay must have originally sold the account to ARO, who, in turn, then passed it on to AK.
As the account had a 28.8% interest rate, the outstanding balance would have mushroomed quickly. Obviously, the current balance doesn't match that interest rate, so they must have stopped it quite a while back. probably after the transfer to AK.
Anyhow, as long as no judgment was ever obtained (back then the limitation period was 6 years instead of the current 2 years), then you can choose to settle the account - if you willing to and able to for moral reasons. Maybe offer them 100 bucks or so. AK works the numbers by fishing old accounts like these.