Why Creditors and Debt Collectors Prefer Settling Debt Over Court
Most creditors and debt collectors would rather settle the debt than go through a lengthy court process. If you’ve been sued, know the debt is valid, and want to resolve it, consider reaching out to the creditor’s attorney to discuss settlement options. Especially if life circumstances have made it difficult to pay, explain your situation—attorneys are often willing to work with you to find a solution.
What if it is a debt that is almost 2x past the statute of limitations? almost 11 year old debt? To LVNV?
owe the debt to who?
the original creditor or a debt buyer