Thomas George Associates Never Told Interest Rate For $17k Owed For Uninsured Car Accident 20 Years Ago And Is Not Harassing

A friend of mine got into a car accident while uninsured 20 years ago, and because they had no money, they made a settlement with Liberty Mutual where they sold the debt of $17,000 to Thomas George Associates. The letter from Liberty Mutual just said they would make a $20/ month payment to TGA and could at some point either call TGA to settle or keep making the payments. They decided to just keep making the payments, and TGA never has called them to settle up or specified the interest.

Their plan is to just keep on making the payments and not ask, but I am afraid for them that TGA might come out of the woodwork and be like - "the interest rate is 12% and you owe us $130k: pay up" one day or something. They claim to have never received anything in the mail from TGA or gotten any calls, so I wonder if statute of limitations or failure to disclose interest rates could protect them from being held liable for this.

TBC, in their place I would have tried to settle this ASAP, but they were from an underprivileged background and really just doing the best they could and sort of forgot about / avoided this. Now they are afraid to even ask TGA what's up with their debt because they've heard so much awful stuff about harassment.