Being Sued by Debt Collector
I've looked around and am still a little confused - if anyone can help clear some things up that would be great. First, my situation:
About 3 years ago I had a new Credit Card account with Bank One (I think). I used it a bit, though not extravagantly, but they never sent me a bill. Later I found out that they had changed their name and/or been bought out by Chase (this may have been the other way around actually, I can't recall) just after I had opened my account. By the time I had determined this, they were already demanding all the money up front as it had been a few months. I couldn't pay it and stupidly decided to ignore it until I could. After a while it kinda-sorta went away in that they stopped bugging me about it as I never answered their calls etc. I don't believe I ever made any payments on the account (my credit report lists Date of Last Payment as blank also).
Now I have been served with a court summons for the amount, plus another $400 dollars or so (interest at 10% for 3 years and $100 court costs) by a collector (Unifund) that they sold the account to. I have checked my credit report and it shows that the credit card company charged off the account.
I looked at the local court's website and they have filed it - so the summons is legal as far as I can determine.
Here are my questions:
1) Is this past SOL? I'm in California and it says 4 years everywhere I checked, but what date is that from? I show a 'Date Opened' of 11/04 on my credit report, so I would think not?
2) I haven't called the company as I'm not sure it will help. Should I do this and try to pay off the debt? It is about $2000, which I don't have at the moment, though potentially it may be possible to borrow from someone. I gather that I should get Validation first (how do I go about that?)
3) The court summons seems to have been filed over a month ago (I just got it on Friday), and there is no date listed in the case # on the court's website. Is this normal? How long do I have to file some sort of response (I gather that I do have to do this to avoid a default judgement, meaning I lose)? How and what do I file?
4) Less immediately critical but still of some concern - What does this do to my credit rating? Can I get them to take it off there if I pay them? What if they get a judgement in court? How about the old entry from Chase on my credit report (I assume that will stay?)
Are there any options I'm missing or overlooking? Any advice or areas to look into would be helpful. I've never been to court in my life (save for Jury Duty), and I'm really out of my element. Thanks.