I see you people have good info out here. Need your advice with this one. A collection agency has been after me for a 10 year old debt. They have send letters to sue me. I have been laid-off from job and trying to bring up my own business. I don't have much to spend on an attorney. Can anyone tell me should I contact the CA and ask for a settlement plan? I have seen pay for delete mentioned many times in the posts here. Will that help to remove the debt? Or shall I keep ignoring them because it is a very old debt, though I know owe it. A friend told me that even if I pay the debt it will remain on the report as negative for 7 years. I don't think I understand. I have not paid and for 10 years and it is still there and if I pay it will remain for 7 years, I will better not pay.