Yesterday I got a call from my parents (away in college) telling me that a collection agency/firm wanted to talk to me. I called the agency back and come to find out that I am being sue on an old credit card that I had my freshman year in college. I due remember the debt on the credit card was $800-900 now their saying that there sueing me for $6,384.46 for interest and attorney fees.
The gentlemen also told me that I will be summoned to court on the charges and if I dont pay, that I will be charged on a count of felony for fraud charges on the misuse on a credit card is that possible? Can I really be charged with a felony for not paying my credit card debt? I even asked him if I can do monthly payments and he said that I can only settle out of court for half the claim or the felony charge will be brought up against me. I completely dont understand how this is possible or not? Can you please help thank you.

