Payment Protection Plan Issue
I opened a Capitol One CC in 2004 while on Active Duty. The limit was $500, I added payment protection ($1/$100 balance). In 2005 I was medically retired from the military on grounds of combat related disability. I maintained the card and payments until early 2011 when my wife lost her job. I tried to enact the payment protection insurance but was denied on numerous grounds. The number one reason being that I was no longer gainfully employed (for 5+ yrs) or retired and not eligible for payment protection insurance.
My card soon gained excessive fees. I tried several times to settle for the original balance approx $500. I even offered $750 to settle the debt. Now I am being sued. I replied with a copy of my protection plan which did not exclude retirement or disability as eligibility with my response. I did state that I was responsible for the original limit ($500) but for no more.
I plan to represent myself in court. I have my Payment Protection documentation in hand. Any tips on how I should handle this?