W
William D
Guest
Don't even consider a credit score when answering this question.
I have an outstanding credit card debt in the amount of $1,500. I can bring it current by paying $95 a month for three months and then making the monthly payment which will probably be a never ending cycle, or the debt will be sold and a third party will come after me and probably sue me.
I am thinking that it may be better to let the third party buy the debt and then sue me. This way I can avoid a 30% apr on the money that I owe. I am young, and I have plenty of time to build my credit score back up so, that does not bother me. I just want the cheapest solution possible to me.
I may be able to sell some things and raise the 1,500, but probably not in time to pay the creditor. What is your opinion? I am thinking of selling some things saving the money and then paying the third party when they buy the debt.
I have an outstanding credit card debt in the amount of $1,500. I can bring it current by paying $95 a month for three months and then making the monthly payment which will probably be a never ending cycle, or the debt will be sold and a third party will come after me and probably sue me.
I am thinking that it may be better to let the third party buy the debt and then sue me. This way I can avoid a 30% apr on the money that I owe. I am young, and I have plenty of time to build my credit score back up so, that does not bother me. I just want the cheapest solution possible to me.
I may be able to sell some things and raise the 1,500, but probably not in time to pay the creditor. What is your opinion? I am thinking of selling some things saving the money and then paying the third party when they buy the debt.