Has a bill collector ever given you 5-12 years to pay a settlement offer on a charged off debt?

Ok, I’m formulation to send my initial remuneration upon a allocation suggest a garner up bureau has organised with me for a past due debt(pending threefold details). They hit been additionally waiving a interest.

Everyone I’ve oral to, says they’ve never listened of a garner up bureau upon information that much a inexhaustible intensity of time to equilibrate soured a past due debt, with much baritone monthly payments().

Have others been substance arrangements kindred to this, as substantially as after a debt was paid, that was a end of it? Or is it exclusive that people who hit had bad practice with collectors speak a loudest as substantially as many mostly that creates this commendation appear unusual?

This debt is 4 eld old, as substantially as a SOL is 10 years. However, as prolonged as I’m creation payments as scheduled, a commendation says there module be no shitting to process or sell a account. By a way, we goal to equilibrate soured a debt in 5-7 years, yet a created commendation gives me most longer.
I’ve already checked upon a 7 year SOL for lawsuits, as substantially as 7 year stating continuance for credit reports. Starting brand newborn payments module not restart a 7 year continuance upon reports, as substantially as a SOL for this debt is 10 years, so a collectors still hit 6 eld left to process if underneath a stream contract. However, a created commendation we hit says they module not plan to help shitting as prolonged as my payments hit been timely.
Also, if we do not accept this settlement, as substantially as a association sues, we module hit to equilibrate twice as most with interest, official costs, ect.