Got a Capitol One credit card almost 8 years ago. I was young and irresponsible, went through some hard times in my life and stopped paying. I have not made a payment for more than 7 years, and now they are calling and saying that I will be served court papers.
I have a debt with Capital One from 8 years ago and now they are calling and saying that I will be served papers and have to go to court. Will I be given like a 30 day period once they serve those papers to still try and work something out with them? I live in Wyoming and the statute of limitations is 8 years. Are they threatening me as a last effort to try and get some money from me? I make barely over $1000 a month, am going to college, and have two kids that are depending on my income. I can not afford another bill, but do not want to be sued. Is it too late? Do you think it was just an empty threat as a scare tactic by a bill collector?
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