Should I Try to Arrange a Payment Plan with A Collection Company?
A credit card company apparently got a $5,000.00 judgment against me while I was out of work & homeless during a 2 year period (I lived with various friends during the time). Finally found a job a 3 years ago (making nearly 1/2 of what I used to) and just received a notice from a collection agency. I believe the SOL for the debt will expire in 2012. Should I contact the collection agency and try to work out a payment plan, given my already very tight budget?