Dear JACUSTOMER - The SOL in GA is 4 years for a verbal contract and 6 years for a written contract. At this point you are probably not being sued if you have not received anything from a court. A phone call threatening a suit is simply a threat and they are just a collection agency who is trying to intimidate you. You should NOT send them anything and frankly talking to them will just become a frustrating experience. If you make any payment it will re start the SOL so that is also a very bad idea.
Most of these places will accept a lump sum settlement of around 50-60%% but if you can't come up with that kind of money there's no point in trying to make payments as you will never get the debt paid as they will keep piling up the extra charges and interest.
If they eventually file a suit you can use the SOL as a defense but you have to make certain to file an answer. Until then you really can't do much unless you have the funds to offer a lump sum amount.
I would not let them con you into some payment plan that will only go on forever and get the SOL out as a defense.
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