My advice. If it’s not a lot of money and it’s the principle that you won’t pay, I’d pay.
Being late on a pyament will hurt, going to collection will hurt your score a lot more.
Happened to me in college on a utility bill. Unfortunately, I didn’t realize a utility bill going to collection would hurt my credit score.
If you can’t pay it right now, you gotta do what you gotta do and you’ll have to take the hit.[/quote]
I agree with J-Fit, if its not a substantial amount of money I would pay it, its not worth the higher interest rates you will pay for future purchases. Yes it will hurt your score, the first thing i would do is to try and clear up the discrepancy with the vendor, they may end up settling for a discount, or they may find the billing in error. The last thing you want is to go to collections, In my job I view credit reports and that is an automatic red flag along with late payments (30+ days late).