First off. Your siggy shows total CL 60k. Did you keep some accounts positive? Might want to update it. No longer applies. Think about the thousands Cap1 let back in. Folks run balances/swipes which makes money for Cap1. Might make up for who nows how many accounts that were charged off or folks who filed BK. They get some $ back. The closer you get to the end of the SOL limits thats on your reports. Thats usually when they get more agressive in some cases. Chase for one. So you can contact them all and work out a plan to get all the CO accounts to $0 balance or last resort file BK. Thats your decision. Will they all go into the night quietly and just fall off? Probably not.
Yes there is always a chance you will be sued even past SOL. You have to assert SOL as a defense if you are sued past SOL. I would lay low until SOL passes and not poke anyone unless you are able to settle with them, you can always settle for less.
Oh they will most definitely come out of the wood work as SOL expiration approaches. Also, it's worthwhile to note that while you've been "let in" to build new credit, it's with subprime issuers (or at least subprime cards in Cap One's case), and with subpar. sky-high interest rates as you noted. So your credit can definitely still stand to be improved. The way to achieve that is by paying back what you still owe, even if settled for less, and get all the COs zeroed out. That would do wonders for your credit and open up the door to better cards/better interest rates.
Alternatively, if you try to wait them out, as I mentioned above, most, if not all, issuers will start coming after you right before SOL expires, potentially causing you to have to consider BK if they all come after you via the courts.
@mysterythemoon i would be thankful and not question why... just appreciate where you just were and look at where your going - your already turning things around which is awsome! As for me, capital one still refuses to let me back in the door which at this point is just comical .
