What happens when you don't pay full amount to collection agency?
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Now if you don't do anything they could take you to court, and for $13,000 that is a very good chance. However, they won't do this until the Statute of Limitations is going to expire. Depending on where you live that could be anywhere from 3 to 6 years down the road. However, during this time the interest will continue and that 13,000 will probably turn into about 20,000-25,000 that you would owe. So it would be better to try to get it solved now. This may include consulting a lawyer and see if bankruptcy is an option for you. It is a last resort, but it might be something you need to consider depending on the rest of your financial situation.
What happens when you don't pay full amount to collection agency?just file for bankruptcy - it's easy and nobody haunts you - it is a great relief knowing that you owe nothing to anybody
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