If you have credit card debt that you accrued 10 years ago and it is in collections what happens if you do not pay it off?

Answer

The SOL could very well have expired. Check the Statute of Limitations for your state of residency. Send a certified letter, asking for confirmation of the debt. Something isn't right here..... Never just pay up, without exploring all your options. I seriously doubt there is much they can or will do. When faced with real opposition, collection agencies, and even collection law firms will often back off. They count on the consumer, folding and letting them walk all over them. All consumer's have rights,let's use them, and find out how good it feels to be empowered.

First answer by Nikki. Last edit by Nikki. Question popularity: 41 [recommend question]

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