After Debt Validation, then what?

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I am trying to sort out what my next step should be and would appreciate your advice! I have read through so many of the comment here and keep getting confused.

Here is my situation - 

Debt: $7900

OC: Citicards

JDB: Cavalry (but owned by someone else previously)

State: CA

Date of default: October 2013

I was contacted by a lawyer (Quall, Cardot, LLC) for debt validation. I requested this debt validation from them using a form found here. They responded by sending their receipt for purchase and some final Citicards statements.  

My question is, what do I do now? I have seen conflicting advice about filing for arbitration. Do I wait to see if they sue? Send a letter "electing" arbitration? 

 I feel like they are going to sue me before the SOL is up in October. Do I need to do anything to preempt this? Should I try to offer a settlement - if so, who do I contact? The lawyers or Cavalry? 

Thank you for your help!

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For the sake of the FDCPA, consider what you were provided as adequate validation.  I'll almost guarantee they will sue. Arbitration is a good strategy but only after you've been sued. 

 Also California posters are pretty good about giving advice for defending these cases in court, if you decide to go that route.

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