My question involves collection proceedings in the State of: Illinois
The "loan" was sold to me as overdraft protection from Old National Bank back in 1996... If I overdrafted my checking account, regardless of the amount, ONB would automatically put $100 in the checking account... Well it got out of hand to the tune of $1000.00 over the year the amount is now at $4000.00 from interest, which I imagine is why they are now coming after it now.. I received the summons the other day.. This note has been sold to about 3 different collection agencies... ONB charged it off in 2005 as I believe that is when I defaulted on it.... With the summons was attached only a reaffirmation for the debt from my bankruptcy in 1997.. They do not have the original contract... now, 2 years ago I stupidly acknowledged the loan when the note was held by a different collection agency..
What I'm wondering is do they have any proof that
a) I acknowledged the debt a couple of years ago..
b) That I defaulted in 2005 and not 2000, putting this issue past the SOL.
If they had this information would it have been sent to me before, or with, the summons?
I would like to try to call the CA and negotiate paying off the original debt of $1000 cash.. but then I'm acknowledging the loan, then the SOL starts over... ARRRGH what to do??

