DON'T PAY IT.
See, there's this thing called the statute of limitations. Basically it limits the time frame in which legal action can be taken. Say for example, you happen to fight some guy back in high school and messed him up pretty badly. He can't come before you 30 years later and threaten to sue you or bring you to court. All legal action will expire within a certain time frame. This also works the same for debt. Let's say you lent $10.00 to a friend in middle school, and 30 years later he knocks on your door asking you where that $10.00 is. Ridiculous right? Ok. Going back to $10,000 in debt, all you have to do is figure out your states statute of limitations on debt collections. (*will post a link at the bottom for that) Creditors will only hassle you for a few months of delinquent payments before they throw the towel in and sell your debts off to a collections agency for pennies on the dollar. Creditors see that they can't get you to pay them, so they'll get what they can out of third party collectors. So at that point, it's just you and the collection agency. Of course, they hassle the hell out of you, calling your cell, calling your work, sending you mail, but don't respond to anything. The moment you admit or pay anything to these collectors, your statute of limitations goes back to square one. So the most important thing here is to not say a thing.
Let's say your statute of limitations is 4 years and it's already been 5 years since your last payment or obligation to your creditor. You're done! They can't hassle you anymore, and best of all, you don't owe anyone anything! If at this point, a collector still tries to get money out of you, all you have to do is state that they've reached the statute of limitations and they have no right to collect the alleged funds from you and if they continue to hassle you press charges, or something like that. Now, you have no hassle! It's a pretty simple process. Get debt, don't pay, wait for statute of limitation to expire, no more debt. Amazing huh? This is great especially for people who are thousands of dollars in debt. After everything expires, you're on your way to building back your credit. How many times have you heard your friends tell you about how much debt they're in? Just tell them this, and they'll be on their way to a debt free life.
the link to state statute of limitations: