in 2004 or 2005 I owed Capital one $30 my bill cam

in 2004 or 2005 I owed Capital one $30 my bill came up missing @ my mom's house then later on I got a bill that came up to $500+ then later it on it was almost 2 grand. I just got a bill that said that it's now $330. What should I do?

3 Answers

I agree with Nelly. To know more about the SOL, you may visit the following link:
http://www.debtconsolidationcare.com/statute-of-limitation.html
 


Have you made a single payment on the bill. If not, then I think the bill amount has increased due to the accrued interests rates. Check the SOL period in your state. The debt may have crossed the SOL period in your state.


Have you made any payments since04-05??  Does Cap One still own it?  Is it in collections?  We need a lot more information....what statedo you live in??

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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