This is true sometimes, but they will stick it to you come tax time. You will get sent a W-2/1090 or something stating that the remainder is income.
Credit cards do the same things.
Quote:
Originally Posted by ksk
My son tells me that a collection agency will settle for much less than what is owed.If he were to ''pay off'' the less amount,does it still show up on the credit rating? Thanks..
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