How to money past its sell-by date a debt? I found an old unpaid debt on my credit report that I

I found an old unpaid debt on my credit report that I have honestly forgotten about. I tracked down the collection agency and tried to settle next to them. They offered no settlement. I asked about a fee plan. They asked what kind of clearance plan? I told them what I could honestly afford to send them per month and they laugh and hung up on me.

I want to eliminate this, but I don't enjoy that much money at the moment, nor the means to bring back it. What are my options at this point?

I would not deal next to the collection agency.. go directly to the company you owe the money to and work out something next to them. The debt collection agency just requests $$ and usually they dont care almost you or your credit.. again.. I think your best adjectives is going directly to the company you owe the money to,,,tell them what happen and ill bet they work beside you.

First stale, there is no possible style a collection agency can justify doubling the amount of a debt. You didn't articulate what state you are in, but most states hold laws on how much (if any) interest can be added to an depiction after it has be charged off. I dream up the norm is aroun 8%-10% annually.

Second, check the statute of limitations for this debt in your state, as you may not even own a legal duty to repay them. The link below give the SOL for each state.

http://www.creditinfocenter.com/rebuild/...

Lastly, you might consider sending them a constraint to validate epistle. Make them prove they are the ones who have a legalized right to collect the debt.

http://www.creditinfocenter.com/rebuild/...

Answers: Save up and income it all at once if they shun to offer a pay-out plan. The last article you should ever do is take out a loan (debt) to reward off another debt. they cannot refuse a donation off you i be in alike situation as you and was within a union at work we could ring them up out of hours for personnel proposal they told me even if you offered them fifty pence aweek they cannot refuse as this is money at the wrapping up of the day if they veto send a message to the courts or the ppl with a communiqu�� stating your case hope this help.floz
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