Depending on the state, debts with no new activity falls off your Credit History after 7 years(5 in my state). Agreeing to pay, or making a payment, counts as new activity. Don’t pay on shit that you cannot afford to pay off in full over whatever time-frame. Don’t agree to payment plans that don’t reduce the debt witt each payment.
Even if they agree to a lower total amount, it goes on your credit report as being written-off, which often has a worse effect on your score than ignoring the debt.
Depending on the state, debts with no new activity falls off your Credit History after 7 years(5 in my state). Agreeing to pay, or making a payment, counts as new activity. Don’t pay on shit that you cannot afford to pay off in full over whatever time-frame. Don’t agree to payment plans that don’t reduce the debt witt each payment.
Even if they agree to a lower total amount, it goes on your credit report as being written-off, which often has a worse effect on your score than ignoring the debt.