I have an old Wells Fargo Financial credit card account that recently went into collections. The balance is shy of $6,000. My last payment was made more than four years ago. Does anyone know how I can obtain a copy of a Card Member Agreement from 2010? The current agreement, revised in 2014, says it's governed by the State of South Dakota. I'm hoping the older agreement is govered by a state with a shorter statute of limitations. Because my last payment was made in 2010, I'm assuming I can argue the agreement from 2010 would apply. I've checked the database at consumerfinance.gov with no luck. These seem to be current agreements. Any help would be greatly apprecaited. Thank you.
I received collection notices on two credit card accounts that were last paid in February 2010. The first account is with Discover. The second card is a JC Penney Mastercard. The JC Penney Mastercard is currently issued by GE Capital Retail Bank. I don't know if GE issued my card when I opened the account several years ago. What is the best way for me to find out which state's laws govern the credit card agreements? I thought of sending a written dispute to the collection agencies and requesting a copy of the agreements. Also, to verify the date of the last payment, should I request a payment history statement? The information I was able to find online says Discover agreements are governed by Delaware law (3 year statute of limitations) and GE Capital Retail Bank is governed by Utah law (4 year statute of limitations). Thanks in advance for your help.