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[quote=Anonymous]While I was out of work for three years, I ran up a lot of debt that then went to various collection companies. It's now two years later and since I now have a financial cushion that could support me bare-bones style for a year, I feel ready to begin re-paying my debts from credit cards. I already paid back the people I owed money to (relatives).

But yesterday a coworker suggested:
A. It may be more beneficial to my credit score to just wait it out since it's already been, for some of the debt, four years or so.
B. That I should contest each debt because the collection companies only have 30 days to prove the debt, and if they don't comply within that time frame, I will no longer owe it.
C. I should hire a non-profit credit counseling company to handle these negotiations for me so I don't have to spend time on it, and they won't charge me (or will, but very minimally).

I am perfectly fine with paying back what I owe. Really. I'm not trying to get away with not paying back what I owe. I want to repair my credit, which before this, had been perfect (literally, perfect).

Suggestions? I already ordered and received my credit report in the mail. [/quote]

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