I recieved a bill from my university (I have not attended since spring of 2012) in the amount of $1528.87. This letter was to my surprise as I haven't recieved anything from them in years. I did not know the debt was owed.
The letter states that if the bill is not paid in 30 days, they will deduct $82.61 from my taxes each year. This will take them 18 years to collect.
I emailed offering a $1000.00 payment in full settlement. They responded saying I must pay in full with gaurenteed funds.
I've been working on my credit, its currently just under 700. I do not want this to effect it more than it already has. My question is, is there any benefit to paying this balance in full right now? Should I just let them deduct the small amount each year?
Thanks in advance for you thoughts
Submitted February 20, 2018 at 10:57AM by threepete23 http://ift.tt/2Ca3NGI
