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If the debt is that old and the holder of it, has yet to get paid, I have to believe they want to settle this already and see some money. As such, you can reach out to them over the phone or via email and speak with them and present an offer. In situations like these, the offer is going to need to be paid in a lump sum. You can start low and try and offer around 30% of the debt or whatever you feel is a good starting point and see how they respond. If you can agree, this can be reduced to writing and you can pay, in full satisfaction of the debt and as part of the agreement, as that they report this to the credit agencies.