What to do if I received a certified letter in the mail today from a company saying that they over paid me for a cashed out retirement plan 4 years ago?
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What to do if I received a certified letter in the mail today from a company saying that they over paid me for a cashed out retirement plan 4 years ago?
The letter says that I have 7 days to pay them almost 5k. I have never heard from them before this is the only letter I have heard. The error was on their part. So I was wondering if there is some statute of limitations or something?
Asked on June 28, 2012 under Bankruptcy Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
I would first consult with an attorney that practices in the area of consumer law about the letter that you just received concerning an alleged overpayment concerning your retirement plan. You need to be aware that there are many scam artists out there that use threats to coerce payment of money from people who do not owe a debt yet are claimed to be obligated for a debt.
Most likely your state has a statute of limitations of four (4) years on a theory of recovery for money that was paid out allegedly in error.
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