Dave Says-The Simple Thing Is The Right Thing

Positive news 3

Dear Dave,

Should you still pay debts that are in collections, even if they have been dropped from your credit report? The one in question is from 2011, and I assume it isn’t showing on the credit report anymore because it’s nine years old.

Sam {{more}}

Dear Sam,

There are two good reasons to go back and deal with this debt. One, even if it’s off your credit report, you may still legally owe the money. Even if the statute of limitations has run its course, things like this have a habit of popping up and causing problems at the worst possible times. About the time you decide to buy a home, this is liable to raise its head again and mess things up. So, the fact that something doesn’t appear on a credit report doesn’t mean you’re not legally liable, or that they won’t bother you about it later.

The second thing to think about is a simple matter of fact—you owe the money. Regardless of what the legal system or credit report says, you morally owe the money. I’d contact the creditor, and begins negotiations to settle the debt. You might be able to reach an agreement where they’d accept less than the original amount owed. Regardless, get any type of settlement offer in writing. That way, you’re truly cleaning up your life and getting rid of any financial skeletons in your closet!


Dear Dave,

I recently found out my former employer never stopped contributing to my health savings account (HSA). Apparently, this has been going on for about nine months, and they just sent me a form to sign so they can get the overpayment back. The amount totals a little over $1,000, so should I sign the papers or is there another way to handle this?


Dear Ellie,

You know, if I were as incompetent as your former employer, I’d be too embarrassed to ask for the money back. But hey, the point is it’s not your money. Sign the forms, and let them take the money out. Keep an eye on your HSA balance, though, and make sure they take out only amount they overpaid—not one penny more or less.

Keep it simple, Ellie. You didn’t earn this money, and it wasn’t expected or agreed upon. It was a mistake, so just do the right thing. Control the scenario, and stay on top of this situation until everything is resolved correctly.


*Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, includingThe Total Money Makeover. The Dave Ramsey Show is heard by more than 16 million listeners each week on 600 radio stations and multiple digital platforms. Follow Dave on the web at and on Twitter at @DaveRamsey.

  1. We are always on the lookout for sponsors and advertisers for this PAGE.
  2. Send us great positive stories, videos and photos. (Go to the SUBMIT button at top.)
  3. And you can make a donation to our 501(c)3 and write in FINANCE in the checkout. We put a percentage towards our local homeless shelter. The balance helps with other lifestyle-related events and content.
  4. Or you can buy our merchandise.
  5. We are looking for writers for all things “local”! (Think Roving Reporters and Town Criers! smiley)


Positive News For You, LLC is registered in New Hampshire. We have a “sister” nonprofit, PN4UINC, that promotes positivity, educates on a more positive lifestyle and helps with the promotion of positive writers.
Thank these advertisers for their support of Positive News For You, by letting them know you appreciate them. (And spending money with them doesn’t hurt either!)

Leave a Comment