Legal Question in Credit and Debt Law in California

Before you make an offer, first determine if your last payment or last statement -- whichever is later -- was more than 4 years ago. If so, the statute of limitation has run on collection. I have found that credit card collectors usually are willing to make a payment arrangement of some sort -- but almost never on the terms the consumer initially proposes.

If the issuing bank files a lawsuit against you, make sure not to ignore it. That will only make matters worse.