My payday loan from Check ’n Go in Texas remains unpaid. I understand it is time-barred and that the company cannot take me to court. Should I pay the debt or ignore them?
Even if the debt is “time-barred”, consider consulting a lawyer. One option is to pay nothing. You can also consider paying a part of the debt. But this may lead to the limitation period being reset and revive the entire debt.
You can also think about settling the debt for a lower amount. But ensure that you get a letter from the lender confirming the settlement amount before you make the payment.