I had a credit card back in 1996-97. I was in hard times and couldn't pay it. It ended up as a charge off. What does that mean?
Now, 10 years later a new collector says they have bought the account and I now owe them. So where do I stand or where can I stand with this?:confused:

Charge off is a tax situation, where they charge it off as income as a loss on their taxes. That has nothing to do with their ability to sue you or collect the debt.

Each state does have their own statue of limitation, so depending on when you stopped paying, it is very likely they can not actually sue you in court for the amount. But they can bill you and try to collect the debt for the rest of your life.