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Can a bank come after you for payment on a card after nearly 20 years?

A bank just recently started calling me regarding a credit card from 17 years ago wanting to collect the interest on the yearly fee they claim I did not pay when I cancelled it. I thought I had and that was the end of it. The card was never used.. I cancelled the card in 1996. What recourse do I have? They claim I owe them thousands in interest on the $150.00 fee. It's been so long ago I don't have proof I paid it.

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Sounds like a scam to me. I would call the bank and ask them. If it is the case, then I would try to work with them. Tell them it's been 17 years ago and if you would have known this back then, then you would've paid the annual fee. If they refuse to take the charges off then I would contact an attorney. You may want to get a copy of your credit report to make sure it hasn't hit as a negative on your credit.

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Contact an attorney. I cannot believe there is no statute of limitations.

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The bank could have made an error, but it would be a good idea to call and seek clarification. If they insist on the charges, you might need to contact an attorney and get legal advice regarding the issue.

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This is almost certainly a scam. Unless a lien was filed, a 20 year old claim cannot be enforced. All states have statutes of limitations for civil actions, most of which are between 2 and 5 years. To be safe, you should talk with a lawyer. It's worth a hundred bucks to be sure there is no claim against you.

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