Credit, Debt 

Paying Off a Debt in Collections

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I received the following email the other day and, having no advice to give, I received permission to post this on my blog in hopes that someone who reads will have some sort of advice. Essentially B. had a little credit card debt that she was a little irresponsible about and now she wants to pay that debt off except it’s already gone to a collection company and now jam packed with fees and penalties.

Dear Jim,

I had a credit card about 10 years ago that I had forgotten about. I feel on some very hard times and had quit paying on it. They had turned it over for collections. A $300 credit bill went to over $1000. At that point I just didn’t respond to the collection company. I never heard anything else from them. All these years have gone past and now a different collection company is trying to sue me for it. Can they still sue me for this?

I know you must be thinking I am such a dead beat but I really am not. I would gladly go back and pay the credit card company for the money but I don’t think I should have to pay the amount they are asking. Could you please give me some advice? I really am a good person just trying to make it week to week.


I just ask that if you do leave a comment, please let it be constructive and helpful, not chastising and rude. I won’t censor anyone but I like to keep things positive and I don’t like mean spiritedness.

{ 29 comments, please add your thoughts now! }

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29 Responses to “Paying Off a Debt in Collections”

  1. Anonymous says:

    can a collection agency continue to force me to pay 150.need to drop it to 100.or can i be sued by them. i tell them that a judge would askwhat the gripe is from them, since they are getting paid. i really need to keep my lights on.

  2. trapper says:

    The statue of limitations in Maine is 10 years. They can not collect it anymore and if you pay anything on it, they will put a delinquent mark on your credit report. Tell them to get a life and cram it because it is beyond the statue of limitations. Do NOt OFFER to give them a dime!!!!

  3. Jun Horsfield says:

    I am lucky today to find this post. Here is my opinion that I would like to share – Don’t allow yourself be tricked with the never ending marked-down items and be carried-away in the event you see a lot of auction items and assume that in case you don’t invest money on them now, you might regret it your whole life. It can be simpler to swipe a credit card than spending in cash but paying out in cash will allow you to invest on the things which are within just your budget plan. Establishing a sensible practical experience with the general aspects of good and bad debts can truly help prevent you from drowning in it through your lifetime.

  4. Amanda says:

    I have a similar situation, I had a cell phone plan I dropped and ignored bc they wanted 250 to cancel it.. I was stupid and naive then it’s been 3 yrs and I’ve just started getting collection calls .. I’ve discussed it with them.. They seem to be a shady practice in a different country.. I don’t trust it.. I finally haggled them to a number I was comfortable with and then they freaked out at me because I demanded a final offer letter and to be able to send in a money order they yelled at me and told me to call back with a debit card or check info.. No way am I giving them my account numbers.. So I’ve given up but I want it off my credit idk what to do.. Since I basically admitted to them it was my debt I can’t pretend like its not.. And since its an out of country collection center idk if any of the same laws apply

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