lise448
Nov 18, 2011, 05:05 AM
Hi There
I just had a creditor call me stating I owed $8425.00 from Aug 2007. This is the first I have heard from them. I went through a separation at that time and to my knowledge.. all was taken care of when the house was sold. I have been living pretty minimal since then... no credit cards... no loans so I wasn't aware that my credit was in trouble.
The woman stated that she was a company acting on behalf of Capital One and that I had to make a decision by today as to offering them a proposal. She suggested $5000.
I was shocked and told her I needed to talk to my ex to see what was going on. I don't even know if this debt is mine... or if it was joint or what.
My question is what do I do now? What are my rights? What is this SOL... the debt is 4 years old... can Capital One still pursue it and take legal action against me? What is the six year limitation regarding? Will this ever go away?
I guess I would just like some advice on what is my best option.
I don't have $5000... she is suggesting I borrow from Citifinancial to pay Capital One. I really don't want to do that.
Any help would be greatly appreciated.
Thanks
Lisa
I just had a creditor call me stating I owed $8425.00 from Aug 2007. This is the first I have heard from them. I went through a separation at that time and to my knowledge.. all was taken care of when the house was sold. I have been living pretty minimal since then... no credit cards... no loans so I wasn't aware that my credit was in trouble.
The woman stated that she was a company acting on behalf of Capital One and that I had to make a decision by today as to offering them a proposal. She suggested $5000.
I was shocked and told her I needed to talk to my ex to see what was going on. I don't even know if this debt is mine... or if it was joint or what.
My question is what do I do now? What are my rights? What is this SOL... the debt is 4 years old... can Capital One still pursue it and take legal action against me? What is the six year limitation regarding? Will this ever go away?
I guess I would just like some advice on what is my best option.
I don't have $5000... she is suggesting I borrow from Citifinancial to pay Capital One. I really don't want to do that.
Any help would be greatly appreciated.
Thanks
Lisa