ok this might take a bit. currently i have a credit score hovering around 750. i recently received a letter from a Debt Collection agency (Pioneer) attempting to collect a $1200 debt from over 10 years ago. It’s listed as a FFEL student loan. A couple years back I had some student loans in default that fell off my report and are no longer there. i havent been back to school since about 2007. everything on all 3 of my reports is clean. Could they put that account back onto my report. I guess my question is should i negotiate a settlement, request a validation letter and try to contest it. what should i do? and if i do pay it does that go back on my report as a paid off collection account? What would be my best course of action? I have until the 21st of January to respond according to the letter. thank you.