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Why pay collections?

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Anonymous
Not applicable

Why pay collections?

What's the point of paying Collections, if the original creditor remians on file as closed or charged off for 7.5 years?

Message 1 of 4
3 REPLIES 3
Burned2manybridgesB4
Valued Contributor

Re: Why pay collections?

So you don't get sued? What'd I win? 

Message 2 of 4
Anonymous
Not applicable

Re: Why pay collections?

It's all past SOL and nearing exclusion.

Message 3 of 4
Burned2manybridgesB4
Valued Contributor

Re: Why pay collections?

A few will quote moral ethics here, but mine is a goal of a clean report at all costs, as well as reducing litigation threat, which can still happen after SOL, as it's a defense move to make in front of a judge, not an absolute. That's why JDB's go crazy for judgements.

Message 4 of 4
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