What you need to know about old debts - CBS46 News

What you need to know about old debts

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(Source: AP) (Source: AP)
ATLANTA (CBS46) -

Every week Better Call Harry teams up with the Better Business Bureau on a story to help you.

If you have a debt, you need to know there is a statute of limitations on a collection agency suing you to recover the money. But even if you have what is called a "time-barred" debt, the BBB advises it's better for your credit score for you to pay it.

And as Better Call Harry reports, you may not have to pay the full amount you owe.

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