You don't need to pay. The only thing they can do is have their internal "collections agency" call you. If they want, they can take you to court, but there was ruling that limited their recovery to actual parking costs and not their fines.
Private parking tickets don't hit your registration and they can't affect your credit rating as the bureaus don't take reports from parking companies. When you renew your registration, just ask for a new plate, its like $20 and wipes the slate clean with these companies.
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