Legal Question in Credit and Debt Law in North Carolina

Re: old credit card

If you do nothing, they will get a judgment against you. Whether they can collect anything is another story and depends on your assets and if you stay on top of things. Also, even if you can't pay it and admit that you owe money, it does not mean that you should do nothing or that their calculations are correct. You can still file an answer. Instead of admitting the debt, you file a verified answer (which is notarized) that you deny this is your debt and if it is your debt you deny it is a valid debt and if it a valid debt, you deny the amount sued for is the correct amount.

Then do discovery and ask for the original agreement and go from there.

It is too complex to go into details but you can do more research online. For instance do a google search and type in "how to beat a collection suit"

- Jeff