Donna47129 Posted September 6, 2007 Report Share Posted September 6, 2007 Hi everyone,I am so glad that I found this site!!I am trying to repair some of my bad credit after some a past divorce really messed me up.Anyway, I am finding all of your advice so very helpful! Thank you so much for sharing your expertise and experiences!I have an old credit card from Capital One that was charged off in 2004 for around $868.00 (original credit limit was $500, everything else is fees). I just rec'd a letter from an attorney stating that the amount owed is $1440.00. First off, I did find this to be a legit atty, not like some I have found. Anyway, can they sue me for more than what the original company charged off? Doesn't the interest and fees end at charge off?I am in Indiana and the SOL won't be running out anytime soon. I am prepared to send a Verification Letter. Since this attorney and the debt is legit, should I bother doing that? Will the courts allow them to get more than the orginal charge off amount? Thanks for your advice!!Donna Link to comment Share on other sites More sharing options...
razr Posted September 6, 2007 Report Share Posted September 6, 2007 Sure they can sue for fees and whatnot. It's prob just another CA pretending to be an actual law firm, they often use rent-a-awyers to intimidate consumers.Anyhow, I'd suggest you contact CapOne and try and settle the debt before you do get sued.Oh and you should pull all your credit reports and make sure you don't have any joint credit left on there with your ex. You don't want someone coming after you for a debt that isn't your's.-r Link to comment Share on other sites More sharing options...
Donna47129 Posted September 6, 2007 Author Report Share Posted September 6, 2007 Wow, that was fast! Thanks!Just one more question, if they charged it off will they still deal with me?Thanks!Donna Link to comment Share on other sites More sharing options...
thomassl Posted September 6, 2007 Report Share Posted September 6, 2007 It depends on whether or not they still own the debt. If they are using a collection agency, they could possibly work with you. If the debt has been sold, then no. I also suggest getting your most recent credit report. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted September 6, 2007 Report Share Posted September 6, 2007 IMO, I would send a DV now and in the meantime, contact Crap1 and see if you can work out a settlement. Link to comment Share on other sites More sharing options...
Donna47129 Posted September 9, 2007 Author Report Share Posted September 9, 2007 Thanks to all of you! Link to comment Share on other sites More sharing options...
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