Should I call these people back about year end audit. Not sure who it is. More than likely a past payday loan.

This appears to be a scam. You are notified of a legal claim by service of a summons and complaint, not a phone call. You have the right to...

Can this happen?

Threats of the nature you describe are indicative of scammers who have no legal right to collect any loan you may have. Report them to law...

What if I stop paying him can he come after me for what I still owe on mortgage? The building is worth more than I owe him.

If you signed the note, he can come after you for any deficiency.

Do I have a real lawsuit against me?

This is a scam. Provide no money or information. Report to your state Attorney General, Consumer Financial Protection Bureau, Federal Trade...

see if bankruptcy will have an impact on the settlement. why would it?

If you file a Chapter 7 after a claim arises, and it is not disclosed and abandoned or exempted, it becomes the property of the trustee/...

What can I do about this situation. Something about an online payday loan.

Threats of the nature you describe are indicative of scammers who have no legal right to collect any loan you may have. Report them to law...

Issues with illegal debt collection.

They are violating the FDCPA. If you have an address, send them a cease contact letter. You don't want to hear from them in any manner. If you...

Should I bother disputing a debt collector with an invalid debt?

You absolutely should dispute any debt that you do not owe. Note that a tax debt is not subject to the Fair Debt Collection Practices Act.

Selected as the best answer

Am I doing anything wrong by loaning him money and getting repaid back by a credit card? Is there anything illegal about this?

If you do not understand a transaction, don't engage in it.

If the vehicle was repossessed as late as say Spring of 2011, can they sue & receive judgement in Feb of 2016?

The statute of limitations in TX is four years, measured from default or (probably) last payment if later. If the last payment made was on time,...