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ablack216

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Re-aging theory
If the re-aging theory is true is there a point of me paying my credit cards that are in collections? Especially from what I've been reading if they will just fall off in 7 years anyway.

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The re-aging theory is true. It's one of the weird flaws of the credit reporting system, but if you contact the collection agencies and arrange to pay an old debt, they can legally turn it into a new debt and you get stuck with the record (and the possibility of being sued) longer than you would have if you'd just ignored it.

So it makes sense to pay off recent debts or debts large enough that you might get sued for. But once something's been in collections a few years, yes, it often serves you better just to ignore it until it rolls off your record. Weird, but so it it.

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