Settle or not pay??
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Posted by TommyV
(126.96.36.199) 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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