Ask Experts Questions for FREE Help !
Ask
    charmedmama's Avatar
    charmedmama Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 15, 2008, 02:34 PM
    To pay or not to pay.
    that is the question...

    The day after my 18th birthday ( June 1999) I got a Macys card with a credit limit of 100.00 (I know it sounds riddiculous that I let this ruin my credit!)

    Long story short. I didn't pay it. Now a week ago I received a letter wanting me to choose one of three payment options to satisfy the debt.

    Pay total of 349.00 or choice two pay half or choice three make payments.

    Now I have no problem paying this. But I worry how it will affect me. Its not currently on my credit bureau. My credit is PERFECT! If I pay this will it be worse for me then better?

    If the answer is yes to pay then do I pay the whole amount or pay half.

    This is a nine year old bill! Obviously it hasn't affected me currently but I don't want it to hit my report again.

    Any advice is greatly appreciated!! Thank you in advance. :p
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Feb 15, 2008, 05:08 PM
    How long since you made a charge on the account?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Feb 15, 2008, 07:15 PM
    You charged the money and have a moral obligation to pay the card.
    To tell you not to pay a bill you acknowledge is valid and yours would not wrong of me to do.

    Sev
    Handyman2007's Avatar
    Handyman2007 Posts: 988, Reputation: 73
    Senior Member
    		  
    #4

    Feb 15, 2008, 08:43 PM
    Pay it off. It WILL come back to bite you in the butt someday if you don't.
    JBeaucaire's Avatar
    JBeaucaire Posts: 5,426, Reputation: 997
    Software Expert
    		  
    #5

    Feb 15, 2008, 09:44 PM
    Pay it.
    dev1700's Avatar
    dev1700 Posts: 2, Reputation: 1
    New Member
    		  
    #6

    Jan 6, 2012, 03:52 PM
    If you won't pay it, it may hit your credit score
    kcomissiong's Avatar
    kcomissiong Posts: 1,166, Reputation: 276
    Ultra Member
    		  
    #7

    Jan 19, 2012, 09:36 AM
    Pay it off, but make sure that you get a statement that the debt is satisfied with the payment, IN WRITING.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Doctor bill. Pay or not pay [ 5 Answers ]

I was working through workers comp claim. I was sent by my Dr to a Dr to treat me for depression. After I received a bill from the Psychologist telling me that my insurance was not paying for the bill and that it was my responsibility to pay her, I then stopped seeing her. Now I am being taken to...

Tenant on lease with option refusing to pay rent. Hand delivered 5 day pay or quit. [ 4 Answers ]

Property is located in Virginia. The tenant signed lease agreement and option agreement. The rent is $1000 monthly and the option is paid separately at $200 monthly. The rental agreement states tenant is responsible for repairs per incident up to $500. The blower motor went out on Heat pump...

Adult children/to pay rent not to pay on return to nest [ 7 Answers ]

Partner adult children home/dont pay rent - pay utility and tax. Returned home due to non payment rent/tax council house. Rising debts. Is it not a learning curve to adulthood to contribute rent

Do I pay sell my stock, pay off my mortgage or credit card debt? [ 1 Answers ]

Hello, Here are my dilemmas. I own a two family home worth $925,000. I have $95K and five years left on this mortgage. This home gives me about $1,200 in income AFTER expenses are paid each month. I don't live in this home. I have $135K in a 401K and approximately $135K in stock. I have...

Tenant on lease with option refusing to pay rent. Hand delivered 5 day pay or quit. [ 2 Answers ]

Property is located in Virginia. The tenant signed lease agreement and option agreement. The rent is $1000 monthly and the option is paid separately at $200 monthly. The rental agreement states tenant is responsible for repairs per incident up to $500. The blower motor went out on Heat pump...

View more questions Search