Should I pay off my debt before my Statue of Limitations is up?

Right now my credit score is 551. I moved from California to Utah just last year after paying off one collector. However, the debit I owe is from a school and not a credit card. My SOL is in June 2018 and I owe $1,500. I just started to work again and I was wondering if it would be best to pay the full amount or... show more Right now my credit score is 551. I moved from California to Utah just last year after paying off one collector. However, the debit I owe is from a school and not a credit card. My SOL is in June 2018 and I owe $1,500. I just started to work again and I was wondering if it would be best to pay the full amount or settle for less? I would like to start building my credit up again now that I have stable income, but I m not sure how to go about it.
5 answers 5