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I've yet to see a gym actually go to collecrions. They'll send angry letters threatening things for a few months, and then give up. Don't ask how I know this :)
by cstejerean 14y ago
I've yet to see a gym actually go to collecrions. They'll send angry letters threatening things for a few months, and then give up. Don't ask how I know this :)
- eli 14y agoMight want to check your local rules on stale debt before you pop the champagne. They typically have a couple of years. Once they figure out that you aren't going to pay with out a fight, they'd be nuts not to sell your debt -- something is better than nothing.
- raverbashing 14y agoWell, they will sell your debt for, I dunno, 20%? Maybe more, maybe less The buyer will make more angry letters, maybe signed by an attorney, try to negotiate, etc and then maybe go to court
- eli 14y agoYou skipped "ruin your credit"
- encoderer 14y agoMaybe you haven't, but it happens all the time. Years ago when I was cleaning-up some credit mess I made when I was still in school I spent a lot of time learning on Creditboards.com and that was a very common collection people would seek help with. Creditboards is a fantastic resource and I cleaned up several small (and one large) collection item from my reports far earlier than the 7.5 years the FCRA lets negative info stay on a report.