Do I really owe you?
September 19, 2013 8:27 AM Subscribe
Once a debt has gone to collections, is there any reason to pay it off?
posted by eas98 to work & money (14 answers total) 6 users marked this as a favorite
Asking for a friend. A store credit-card debt from more than 10 years ago has been in collections for some time. Periodically, offers will come in to settle for some smaller % of the original debt. Other than to end the annoyance factor, are there any practical reasons why this debt should be settled?
The credit hit has already occured, and in fact this debt doesn't even show up on credit records anymore. Will paying the collections agency off offer any benefit? Anything not being considered here? This is in Florida.