When you decide to pay them off...
(1) Tell them you dispute the debt (if it is a collection agency use the language: "dispute the validity of the debt"
(2) Offer to settle for 40% of the debt ON THE CONDITION that it is a settlement of a disputed debt and it will not be reported to your credit and they will not report to the IRS that they wrote it off as a bad debt (this is income)
The longer it goes the better percentage of the full debt you will get it reduced to. Most companies will accept 80% right of the bat.
Horfin
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