<prompt> Human: I stopped payment on something 5 years ago. Company went out of business, a year ago I was sues by credit company and had to for over 4K. All payments were taken straight from my account. I thought I payed them off but now , a year later I get a letter. It says Memorandum of costs after judgement, acknowledgement of credit, and accrued interest. Im not very good with finances, anyone ever got one of these? And do I need a lawyer?  <response>: This is definitely a legal question. Talk to a local lawyer. 