In California, the statute of limitation on a credit card account (open account) is 4 years from the last activity on the account (charge or payment). If this has been more than 4 years, the debt is not collectible.
This is likely why they are willing to drop it without much fuss. Whatever you do, don't reaffirm the debt by admitting you owe it. IF you admit that the debt is valid, it can reaffirm the debt and cancel your statute of limitations defense.
You can agree to provide them what they ask to get the debt out of your hair, but maintain that the debt is barred by the statute of limitations and that you deny the debt is valid.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).