How collection agencies think they can collect on a debt that is 13 years old and 10 years out of SOL. The SOL in MD on a open end account (credt card) is 3 years. First of all, I never had an account with the creditor. My first and only credit card is with Bank of America. I have never had or applied for a Capitol One credit card. Second, it is a debt that was created in 1994. Third, there is no record of it on my credit report and that is expected since I never had an account with Capitol One. So someone please tell me, is there something that I am missing ?

Could somone please advise me on how to approach a CA about validation after the thirty day period? Unfortunately, I had no idea CA's were under any obligation to validate a debt. I thought if I disputed the debt, the burden to prove would be on me. I mean, in the first correspondence CA's don't offer validation upon request. They give you 30 days to dispute the debt. I would think the average person would assume the burden of proof would be on the debtor. Any suggestions???

What can I do if I need to consolidate my bills but have no collateral. My cars have loans and I don't own a home?

I have approximately $2500.00 in debt with 4 separate creditors.

My husband and I are getting so for behind on our bills. I lost my job in Janurary, since then we have been falling behind on everything. My husband owes about 16,000 on his truck. I owe about 12,000 on my car. We have a 5,000 credit card that we are late on. We have a $200 credit card that is over $300 more than what the credit limit is. Both vechiles are behind on. I have a $4,000 personal loan that i'm behind on. My husband is in the Marine Corp. We are moving on base so now we are losing more money by moving there. Is there anyway you can help?

I have a few questions. How do I go about finding a debt consolidation program or loan? Do you have to have a specific amount to qualify? Will going through a debt management program show on my credit? I am trying to clear up our debt we owe around $8,000 which included credit cards, Pay Day Loans and medical bills. We just need to get this consolidated so that we can make one payment. With the pay day loans we can't make any of our payments to get us out of debt. Or is there a company that put you on a budget to help you pay these off yourself?

It all started when I decided to stay home and raise our daughter back in 2002. We of course thought that we could make it on one income and then of course never took into consideration of the "little things" that come up. So, we started charging things and then barely could make payments and it just snowballed out of control. We were able to consolidate it at first, but of course then you get that extra money and think you can afford something else that you really don't need. In August of 2003 we bought a house after our second child was born.

For the lawyers on this site, please don't take offense to this post because I am going to use the term "ambulance chaser". My husband was in an accident a couple of weeks ago in his work truck. Some lady rear-ended him but everyone was fine. This week we have received more phone calls and letters from ambulance chasers about the accident. They are even calling him on his work cell-phone which is a big no no. This is the straw that breaks the camel's back though. We are now having chiropracters call and offer services...... When did they start doing this? ARGH! :x

Does anyone know where I can find the debt collection laws for a specific State? I have found info on garnishment and the SOL for my state, but that's it. I want to know exactly what can and can't be done as far as debt collection.

It all started when I left my ex. We had a kid together and a house. Things just were not working out between us. I'd give him money to put on the Mortgage payment when for 2 yrs i was paying it myself $1,020 payment a month. No problem we both worked had enough to work thing out between us. I had been out of work on medical leave due to ex. Then ex got worried I was screwing around and decided to go out on medical leave to just to make sure i wasn't leaving and stuff. I had no extra money at the time due to keeping everything up. Maxed out my 6500.00 credit card to make things meet.