Thanks thats good to know :)

OK, BTW: read my addendum at the end of the previous post.

Ha things just get better. I think your right. that thought had crossed my mind. well right now they can't get much but they can sure try. Thanks for sending your replys.:)

I meant they have 2 years from the default date in the Province of Ontario. I noticed you sold your house, so they can't touch that anymore. But if they think you've got some money left out of it, or know you're gainfully employed again, they might. Also, remember the interest keeps compounding on the account at the prevailing card rate.

Sending you the $300 card might have been a mistake, BUT the fact that it was only for $300 indicates it wasn't. Possibly, they're using it to keep track of you, especially if you make payments for it online through your bank account. If they sue and obtain judgment, they'll know where to come looking to seize the account and clear it out. The carrot may cost them $300 now, but they're willing to risk it because it might well more than pay for itself. (I was just kidding about the part that they must really like you.)

Yes, if they are going to sue, they will tend to do it sooner rather than later. But first, they size up your income and assets to see if it's worthwhile. No rush though, they have another 21 months to file a claim.

BTW: Don't send them any signed written acknowledgements about the $10K card or you WILL automatically renew the 2 year limitation period each time. Try to keep all your discussions with them, or with any collection agency assigned to the debt, to the telephone. They love to trick people this way.

Is there a methed to what they are doing? Makes no sence.

why in the next 21 months why not now?

Wow, they must really like you to give you another card. Just pray they like you enough not to sue during the next 21 months.

my capital one card went into collections recently. the a few months later they send me another card in the mail with a $300 limit? the one that went to collections was owing $10,000 whats with that?