Best report
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Feb 10, 2016
Don't let the [***] scare you. Never send a single penny to any collection agency. Always ask for a copy of the bill they are trying to collect to see how old it is. If it is still within the legal statute of limitations, ask a lawyer to settle. They buy your debt for pennies on the dollar.
They will take .15 to .30 cents on the dollar but you need to make sure it is in writing and payment in full. Do not send them a dime until you have enough to write a check for the 15% settlement. Monthly payments to a collection agency are a waste. Never send them a dime. All they can do is sue you. Even if they do sue you, the lawyers will take the same reduced settlement amounts. It is not worth their time to chase you on the judgment.
They will take .15 to .30 cents on the dollar but you need to make sure it is in writing and payment in full. Do not send them a dime until you have enough to write a check for the 15% settlement. Monthly payments to a collection agency are a waste. Never send them a dime. All they can do is sue you. Even if they do sue you, the lawyers will take the same reduced settlement amounts. It is not worth their time to chase you on the judgment.