I was caught shoplifting from Kohl’s and they sent me a letter saying they want me to pay $225 just because they can, and if I don’t they will sent it to a third party for collection. What do they mean by third party for collection and should I pay for it or just bet on them letting it go?
There really is not enough information in your question. Did they call the police, were you charged with a crime, did you give the items back, were the items valued at $225?
It's unlikely Kohl's will just let things go. If you refuse to pay the $225 the matter will probably be referred to a law firm that specializes in suing debtors for money judgments and then collecting on same. Keep in mind, if you are sued and a judgment is entered against you, it's likely you will owe much more than $225 as Kohl's attorney will request an award for attorney's fees and costs, and interest on any judgment amount awarded against you. Since you admit you were caught shoplifting, paying $225 to resolve the matter seems rather cheap.
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