Just looked at updated copy of one of my CR's. A creditor whom I owe a large sum but can't afford to pay inquired into my credit. Actually it was the collection agency collecting for the creditor. I get nervous when I see this because this account is less than 4 years old which is within the SOL to collect in my state. I am very scared that a judgement could happen. Should I be? The amount is nearly $10,000! If I had it to pay I would, believe me I would. I don't like living like this!I am seriously thinking about contacting them. What should I say? I want to tell them how much I can afford each month. I know they will try to get me to commit to a high monthly amount. Should I write them first, stating what I will pay each month? How do I prevent them from later stating that I said a certain amount but didn't pay that amount? I wish I could borrow 1/2 the money and negotiate a 50% settlement. But logically, it's this account that has my credit seriously damaged. If I start payments, will the SOL to collect start over?