My question involves collection proceedings in the State of: North Carolina

A credit card compnay (clout finanical) has been calling stating that they are going to file felony credit card fraud against me for a credit card debt back in 2001...they ask me to settle for 700.00 but i dont have that at this moment i can barely make ends meet now ..what should i do? Do i need to get a lawyer? i need help bad please any advice accepted.