Years ago (1999 to 2001) I used to have a Providian credit card in which I did not keep up with payments. I was out of work for over 3 years. My credit report shows the date of last activity for this account was in 1/2001.
Now a collection agency (American Credit Collection) wants to collect on this debt with interest will exceeds over $10,000. My credit limit did not even exceed $4,000 at the time.
Can someone help me with regards to the statue of limitation for this debt? I live in California. In addition they also just posted in my CR that I owe them this entire amount. Can they collect on this debt and in addition can I get them to remove it from my CR?

