Working with a credit agency on a charged off debt I thought was settled
Years ago, three days after my ex and I filed for divorce, I received a small credit card for $300.
I paid it regularly and on time until they hit me with an "annual fee" that I thought was a "one time start up fee". It threw the card over the limit, they slapped over the limit fees on that, and I began a downhill spiral of not being able to pay that in a timely fashion.
Finally, I made a very large payment that I thought was a settlement on the debt.
Now, years later, I am told this debt was "charged off" and "sold" and that the new company wants $2,200 from me.
The SOL has not gone by. I cannot declare bankruptcy (my ex did that, which is part of why we are divorced.)
I don't have $2,200.
Is there any chance at all this company will accept monthly payments?
If they can't - what can I do? My credit is shot.
I don't own anything.
I live in a house that still belongs to the mortgage company and my ex.
That house was homesteaded by ex.
Is the house in danger?
The company has not sued, and I did write them in the 30 day time frame telling them that I do not believe I owe this debt. However, looking at what they have sent me, if it was charged off rather than settled, I don't think I have much of a leg to stand on.
I can afford small payments of about $100 a month, but nothing bigger than that.
Should I offer them that?