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500 ATT Bill gone to collections. Once I pay them, can I get another phone?

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My 500 dollar att bill went to collections. Debt is over a year old.
Collections has sent me a settlement offer to pay around 200 to close account.

Will I be able to open up an att account and get a new phone? I was a good customer for 4 years until I lost my job. I want to pay the collection offer so I can go back to att.

I am worried they may make me pay full price for phones.

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