Well, it said that an old debt I had from 1990 or 1991 was bought by Capital One and that this was a collection letter. They were telling me if I would apply for the preapproved card then I would also be activating and promising to pay for my old charge off. What Capital One would do is put that charge off on the new card and start charging me interest again until the debt is repaid in full. Of course it said that I had 30 days to respond to this letter/application. They would be happy to verify the debt and get things going. They said by my failure to respond to this letter, they will assume the debt is valid. Sheesh! Am I right that they can do nothing to me since the SOL has expired? This is the same debt that was sold to someone else last year and they sent me 4 letters saying the same thing as above with an offer to settle at 50% of the debt. I did not respond to any of the letters and nothing came of it. Now they have sold the debt to Capital One. Is there any way that Capital One collection can interfer with my current Capital One account? Can they reactivate the debt and put it on my current account without my permission? Should I be concerned? Thanks!!!