If my account went into collections, should I work a deal with them or ignore them?

I messed up my credit account about two years ago when I quit my job to focus solely on school. I became irresponsible with my credit card bills and eventually one went into collections. Now I tried to work out a deal with the collectors that I would pay monthly, but I also let them know that I was unemployed and a full time student. I missed my last payment with them as I go to school and don't have a job,and my priorities are focusing on textbooks. I have heard from some people that it isn't even worth paying something once it goes into collections. What should I do, and what are some good ways to start improving your credit?

Asked By: Top Model - 2/8/2013
Best Answer - Chosen by Asker
Try to work with them and use the TERM I might have to Bankrupt on my Creditors but if you do get Cash Advance to pay for the fileing and lawyer fees ! its going to screw up your credit either way for 7 years BUT college loans are not dischargeable in Bankruptcy ! Car insurance if you file and need insurance they use... More
Answered By: storm_door2000 - 2/8/2013
Additional Answers (3)
If you want to improve your credit you have to pay your bills. Work with the collections. Most of the time they are willing to work some agreement rather than you not pay anything at all.
Answered By: jadamgrd - 2/8/2013
How much do you owe? If it's 10s of 1000s, it might be worth doing a bankruptcy, but that would mess up your credit for a while. Best to get a deal with the creditors and pay it off. Do you have a job? Or how do you get money? Parents? grants? School loans?
Answered By: KnowIt - 2/8/2013
You should never work out a deal on the telephone... More
Answered By: StephenWeinstein - 2/9/2013
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