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Credit Card Debt Collection issues with overdue or defaulted credit card debt.

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Old 03-05-2008, 05:59 AM
nikkims nikkims is offline
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Angry Summons For Credit Card Debt
Hi, I live in MA & I just received a summons for an old Capital One credit card. I had the card in 1998 & it was originally for $2500. The law firm is asking for $6400 for it. Am I really going to have to pay that amount? It's crazy. Is there a statute of limitations & is it true they can send me a 1099 for that amount. What should I do?
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Old 03-05-2008, 09:34 AM
ChaosD ChaosD is offline
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Default Re: Summons For Credit Card Debt
Kind of odd they would wait 10 years to summon you to court. Have you recieved any type of bill or collection letter from them over the last 10 years?
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