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Settle or not pay??


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Posted by TommyV (207.69.139.155) on April 27, 2004 at 20:43:25:

I had a credit card debt of about $15000 which is now being collected by Collect America. One of their agents/lawyers called and asked if I can pay 1/2 or $7500 to settle the debt.

If I'm able to borrow the cash from family and friends, should I settle and pay and be done with it? Or should I ignore the collection agency.

I am thinking if I don't pay, they will try to sue me for the full amount later.


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