we didnt pay a furniture credit card 10 years ago and were just served civil papers today.?

Question

We didnt pay the credit card and 10 years worth of interest and fees have made it go from $360 to $2800. Is there anything we can do to not have to go to court to make the amount become less or do we have any recourse because it has been so long?

Answer 1

Depends on what state you live in. The statue of limitations varies from state to state. Please see the link below for a list of the statues from each state.

Answer 2

This is a small claims court issue. Since you were served with a warrant, you will need to go to court to present your side of the case, otherwise you will have a default judgment entered into the court recods against you. You could be out of statute of limitations, good chance, take all exact dates, etc. with you to court.

Go tell the judge all the circumstances, he / she might forgive at least some of the interest, or appoint a mediator, negotiate down the debt and interest. This will work in your favor, long term. Ask the furniture company to report your prompt payment as part of the deal. Tell the judge you do not have any money and can afford only low monthly payments. Then pay the debt as agreed.

Answer 3

Go to the Court and file and counter Claim and sue them for $1000 dollars for possible violating the FCRA and say this debit is past the statute of limitations. Even in Indiana it is 10 years.

Answer 4

Every state has a statute of limitations regarding debt. Generally it's from 3 to six years. The time starts from when you defaulted (last time you paid them). If you are past the statute of limitations for your state, then ask the judge to dissmiss the case.

Answer 5

Make sure you get to tell a judge - (do the papers have a hearing date?) that you legally don't owe the debt anymore...