Josh: Okay, does paying off my debts help?

Samira: Yes and no. It depends on the amount of the debt and how old it is. If the account is over five years old they can’t sue you legally in the State of Florida to collect on that debt. So if you pay it you’re just giving you money away. That’s the truth. Now if the debt is recent, it might be in your best interest to just settle the account for less than full and close it and let it become something that becomes obsolete and aged.