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dark asked in Business & FinanceCredit · 2 years ago

If I have bills in collection from when I was unemployed should I pay them off now or just wait the 7 years for them to go away?

9 Answers

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  • 2 years ago

    THAT IS A MYTH. They don't just disappear after 7 years.

  • Judy
    Lv 7
    2 years ago

    pay them off...

  • 2 years ago

    Well, if you pay them off, they will be marked as paid. If you wait 7 years, then they will be listed as unpaid.

    If they sue you, then the amount owed becomes a lot higher.

  • Shay
    Lv 7
    2 years ago

    Not every bill "goes away" in 7 years. You need to look up the statute of limitations on debt for your state to find out how long they actually have to try to collect debts from you.

    Some debt collectors will TAKE YOU TO COURT and if that happens, you will owe the original debt plus court costs plus more interest added to the original debt and the court costs. Your check could be garnished and the court gets to decide the payment amount - not you.

    Any debts that are over $1000 are more likely to take you to court than any debts under $1000. BUT - that doesn't mean a debt collector won't take you to court for less.

  • Anonymous
    2 years ago

    If you ever expect to rebuild your credit rating, you should pay them off.

  • ?
    Lv 5
    2 years ago

    just wait 7yrs cause it's not going to improve your credit score

  • 2 years ago

    Pay them off when you can, sooner better than later.

  • 2 years ago

    That's a myth. They won't just go away. They are waiting until you get a job so that they can sue you and collect their money. Pay your debts.

    Source(s): Certified Paralegal, with 25+ years' experience.
  • Anonymous
    2 years ago

    If you plan on buying a house they will have to be paid if they are still showing up.

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