One of my daughter's friends received a letter from Capital One last week. They told her they had bought a charged-off debt for a gas card she once had. They sent her a bill and offered to help her in working out arrangements to pay off the debt. I thought that sounded reasonable until she told me the charge-off occured in 1987. In our state the statute of limitations for collections is four years. This debt is absolutely invalid! According to the letter, her current Capital One accounts won't be affected by this debt, but I wonder! Has anyone else had this experience with Capital One?
Doris K wrote: "I thought that sounded reasonable until she told me the charge-off occured in 1987." Under the circumstances, the only reasonable thing to do is send a Cease & Desist letter. Saar
