Legal Question in Credit and Debt Law in Florida

Complaint for damages
I have been served with a complaint for damages from a credit management company. It alledges default on a credit card, my questions are these:
I had worked out a deal with the Bank that issued the card, the bank then sold the debt to this company which refused to talk to the company I hired originally to negotiate the debt. No payments were ever made due to the company I hired going out of business and the banks refusal to get back to me no further purchases made for over 5 years. I was told this may be over the statute of limitations. I do not know how they can transfer or sell the debt as that was also not in the agreement or regulations concerning the credit card. I had tried to make it right with the original holder but it seems I was taken advantage of. I am trying to answer the complaint before the 20 calender days and would appreciate any help. Also does the 20 days mean business or regular days?

Asked on 12/19/03, 12:04 pm

David Slater David P. Slater, Esq.

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Re: Complaint for damages

1. Yes,they can sell the debt.

2. 20 days

3. The Statute of Limitations in Florida for contract matters is 5 years.

Answered on 12/19/03, 2:05 pm

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