I received a letter from a collection agency addressed to my old name. I found it to detail an amount owed that I didn't recognize. I contacted the company (the person was very nice and helpful - Thankfully) - he advised me that it was a charged off debt that they bought from a company (He couldn't find any info as to the name - it was from a larger company that had store accounts, the account was in my name as well as my husband at the time and it was charged off in 1996 (before my divorce)). Now, I have amazing credit and this charge was not on my credit report as of 2005 or I wouldn't have been able to refinance my home by myself. Does anyone know the ramifications of this "bought" debt collection? Does the state's statute of limitations come into play? I don't want to pay for something that is part of the dregs from my previous marriage because my ex didn't pay his bill. I hope my explanation is clear enough. Thanks so much!