Negotiate To Pay Less
It's a 50/50 shot that the creditors will settle but it definitely worth a shot!
Collection Agencies often buy debt for pennies on the dollar, so sometimes they may be willing to settle for less than the debt owed.
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Collection Drop Off
What happens if you leave your collections alone?
A collection should fall off 7 years after it's added to your report, but your legal responsibility is calculated differently. (It makes you a bad pay)
If you choose to leave it alone and wait 7 years,
don’t interact with the collection agencies since that can reset the length of time that the collection gets to "legally" stay on your report.