A surprising personal finance column running in the Washington Post today advises consumers to pay balances in full when contacted by debt collectors.
The article, entitled ??Fessing Up and Settling Up?, follows the case of a woman owing some $24,000 on a credit card account that had been sold to a debt collector. The columnist, Michelle Singletary, does a great job laying out the particulars of credit reporting facts and myths.
To read the column, please visit Washingon Post Advises Consumer to Pay in Full
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