<prompt> Human: The other day I received a phone call from a number I did not know. I answered it and it was a lady with what sounded like a Jamaican accent or something. She claimed a company called JVC Processing was going to sue me due to a cash advance I took out online for 387 back in 2008. They now want me to pay 1,008 and said if I did not I would be sued. I told them I had never been contacted one time about this. I do not remember taking out a cash loan at all but she does have the name of the business I worked for back then and the email and address I used back in 2008.She said I could just make payments of 100 a week until the debt was paid. I informed her that it is the law that I have to have a written copy of this debt provided 5 days after you make initial contact. She said we are not a debt collection agency, we are a arbitration company.I told her that less than a year ago I used a credit repair company to go through my credit and I took care of everything outstanding and this was not there. She said that is because JVC never reported it to your credit. Apparently they wont they will just sue me.Like an idiot I gave them my debit card number and agreed to the 100 a week agreement over the phone. I am not rethinking this. Should I cancel the agreement before it begins? Can they legally make me pay a debt from 2008 that I have never been contacted about. I have had the same exact phone number since 2001.What do you all suggest my next action should be. The last thing I want is to be sued and end up paying more, but are they bullying me to get me to pay a debt that I do not have to pay? Again I am not saying I did not take out the loan, but I absolutely have no memory of ever doing so.Edit: They also has the last 4 digits of my old bank account number that they claim the payday loan was deposited into.Assistant: That sounds like a scam to me. They get ahold of your personal information and make up bullshit about you owing money. Human: What if I did take out a personal loan back in 2008? What if I just dont remember because it was 7 years ago and I have never been contacted about it?Assistant: Then youd be handed over to a collection agency instead. It would be stupid to go straight to suing when you have a cheaper, better solution available. Human: They claim its already gone through collections and is now with them and that is why I would be sued, but if it had already gone through collections would it not be on my credit report, and it is not.  <response>: Lets say it was a real debt. Even then you probably dont still owe it. How would you not owe on a debt you have? Because the statute of limitations in your state is probably less than 7 years. If the SOL has passed, then the debt is no longer legally collectable. If you do pay even a portion of it, the SOL will reset.But as a bigger piece of advice, NEVER agree to pay someone who simply asks you for money right away. ALWAYS take the time to verify if you actually owe and if the entity you owe to would actually use the means to collect like those used by the person who just tried to get money out of you. 