Should I pay an credit card debt that is 12 years old and now owned by a collection agency?
Emily asked: I received a collection letter regarding an old credit card that I forgot about from 12 years ago. The original balance was $590.00 and they are asking for payment of $1,550.00 with interest! It’s NOT on my credit report (yet) and I monitor it through MyFico. Since it’s 12 years old, would it [...]