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You may or may not be sued. A collector has a specific time set by the laws of the state where the debtor resides; to refer the account to a collections attorney who can file a lawsuit. When a creditor wins a suit they can obtain a writ of judgment which can be executed in several ways. Garnishment of wages, levy of bank accounts, seizure and liquidaton of any nonexempt property.
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∙ 19y ago
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Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
Is it better to settle an account in collections or pay it in full via monthly payments?
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
Will a collection agency or the original creditor accept monthly payments to pay off a debt that is in collections?
Most of the time a collection agency will accept 2-3 equal payments to pay off the balance.As of right now no they will not accept payment and will not work with consumer credit counciling programs. Once it has went to collections, you are not suppose to contact the original debtor. It confusses the situation. You aren't suppose to contact the original creditor once it goes into collections but the Collection agency will accept payments. They are happy to get any money they can. (they get 50% of what they collect)I used a collection agency for a tenant who wouldn't pay for months who I had to evict(went to court) and I received a couple of small payments until the person ran away and hid again. Both the collection agency and I were glad to get any money possible. Unfortunatly, this will show up on your credit report whether you pay or not........... But it is ALWAYS better to pay if in your future creditors eyes (fico score)
What should you pay off first a credit card or a collections debt?
Your credit card because once you pay it off, the collection agency would quit annoying you all the time. They would be satisfied because they will get a part of the money you pay to your credit card. :)
What should you do if you are sued by a collections agency?
Pay what you owe
Do you still have a pay the collections agency if you paid the doctors office with a check upon receiving the notification from the collections agency?
No, if you already paid the doctors office with a check then you should be in the clear.
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
A phone bill 8 years old and a collections agency trying to collect do you pay it?
pay it or the penalty will only get higher
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
What methods can a creditor take to make you pay the difference after a repossession?
They will most likely send your account to a collections agency. Intrest will still accrue as will phone calls, letters from the agency. This can damage your credit score and credit report. Your best bet is to pay whatever it is off as soon as possible. They will most likely send your account to a collections agency. This can damage your credit report and score. Your best bet it to pay whatever it is off immediatly.
How much should hospital reduce medical bill to collect what they can?
that depends, if it has not gone to collections, they may give typically 20% reduction IF you pay right away. if it has gone to collections, you can negotiate with the collection agency for a settlement.
If a bill has been sent to collections is it better to pay the creditor the full amount or pay the collection agency?
AnswerOnce the account has been placed with a collection agency, it usually doesn't matter who you pay. Sometimes the bank will accept your $$, other times, they will refer you to the CA (agency).If the agency treated you in an abusive matter, then by all means report the behavior to the creditor and pay them dirrectly. A sympathetic ear in their office can get you a really good deal on settling.It matters, pay the creditor.
How can you get your car repossessed?
dont pay the payments ever
Is it better to settle an account in collections or pay it in full via monthly payments?
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
If a landlord doesn't run your credit ever to move in can they send a report to credit collections if you don't pay rent?
Yes.
Will a collection agency or the original creditor accept monthly payments to pay off a debt that is in collections?
Most of the time a collection agency will accept 2-3 equal payments to pay off the balance.As of right now no they will not accept payment and will not work with consumer credit counciling programs. Once it has went to collections, you are not suppose to contact the original debtor. It confusses the situation. You aren't suppose to contact the original creditor once it goes into collections but the Collection agency will accept payments. They are happy to get any money they can. (they get 50% of what they collect)I used a collection agency for a tenant who wouldn't pay for months who I had to evict(went to court) and I received a couple of small payments until the person ran away and hid again. Both the collection agency and I were glad to get any money possible. Unfortunatly, this will show up on your credit report whether you pay or not........... But it is ALWAYS better to pay if in your future creditors eyes (fico score)
