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Collections/Debts Advice Please

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In 2016 and parts of 2017, I've had a few credit cards go into collections. 

1. Credit Card from a bank is about $20,000.00

2. Credit Card from a store is about $5000.00

3. Credit Card from a bank is about $5000.00

4. Credit Card from a bank is about $3000.00

 

At the time I was not working and did not know about negotiating/settling . 

 

I am now working, making about a small $33K a year.

 

Should I pay off this debt? Do I call the collection agency's and pay it off?  What's the best route to take?

 

Best

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Welcome!

Don’t pay it off. Don’t call the collection agencies. You need to know the SOL for your state before you do anything. You’re very likely to be served with a lawsuit over those balances. Especially the $20k. You’ll find a lot of helpful information to start in the newbies section. There’s links to applicable state statutes. 
 

What was the DOFD?

When was the last time you received any paperwork on these accounts for collection agencies or otherwise? Did you respond?
When is the last time you made a payment on any of the accounts? 
 

Please order paper copies of your reports from all major bureaus. You’ll need this information to help formulate a plan going forward.

 

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