Credit card debt settlement?
I answered a summons that I received back in July. It was on a debt of $10, 000 the creditor says I owe. I gave them my answers, they in turn sent me statements from two years ago, but I haven't received a statement from them since Nov. of 2006. They charged off the amount back in December. I saw that on my credit report. They never called or wrote to let me know what happened to the account. Now they either want me to settle or go to court. I don't have the money to go to court, and their offer stinks. It's like $234.00 for five years at 11% interest, or 65% of that amount paid off in 90 days.
What should be my next move? Should I get legal help and see if what Chase did was legit by not letting me know that the account was charged off? Should I make a settlement now with what I can afford? Make my own offer? Please help.