Should I wait or pay off debt before the 7 year period?
Date: Fri, 08/02/2013 - 05:00
I have 5 unpaid medical bills. I haven't made any payments on the bills for the past 5 years. The bills have been assigned to a debt collection agency based in SELMA, Alabama. Strangely, the accounts have not been reported to my credit report. I don't know the exact reasons. Should I start making payments at this juncture, considering only 2 years are left to complete the 7 year period?
No need to start making
No need to start making payments now. Have you received any calls from the collection agency?
Check out the SOL period. If
Check out the SOL period. If the SOL period has crossed, you need not worry about those debts. Making payments might set the clock ticking again.