Some collection agencies are authorized by their clients to make payment arrangements. Some agency actually purchase the debt and will or won't make arrangements. It is up to the individual agencies and their policies.
Your best option is to contact the original creditor, explain why you fell behind, be very apologetic, and ask for payment arrangements. Legally, they are not required to accept payments once you fall delinquent. They do not even have to accept partial payments.
Anyone can be sued for anything. Whether you will win is another matter. If a collection agency demands a payment and cannot or will not provide proof that the debt is valid, it should not be paid. You might then have a case for harassment if they continue to demand payment without validating the debt.
Go to your bank, negotiate an agreeable finance rate, pay off the buy here pay here. You will still have monthly payment but, usually at better rates without the hassle.
if you do not have a way of paying back a loan, then you will have to go without until you find employment, whether it is washing dishes or scrubbing floors, get some work first then apply for a loan, once you have o9btained the loan, negotiate the payment plans.
It's true that there are a number of ways you can tackle your debt. If you have multiple debts across a few credit cards, you can always consolidate them with a consolidation loan or a balance transfer to a lower rate credit card. If you want to get the creditors off your back without filing for bankruptcy, you can negotiate with your creditors or even hire the services of a credit counselor or debt settlement firm who will negotiate with your creditors and help you establish a payment plan.
Payment by citizens without reciprocation, i.e. donating to charity or a relief fund.
You can always negotiate a settlement with the collection agency. When calling the collection agency tell them you will pay the full amount of the debt but not the fees. Collection agencies never buy debt for the full amount so they always have room to negotiate. They will more than likely take the amount without fees because they are still making a profit.
In general, debt collection agencies are required to follow the Fair Debt Collection Practices Act, which prohibits them from discussing your debt with third parties, such as your landlord, without your permission. If a debt collection agency is sharing information about your debt with your landlord without your authorization, they may be violating the law.
WAIT before you pay!!! If you pay it now it will totally affect your credit score. Make the payment escrow during closing. Now if you can negotiate a deletion letter from the collection agency, this is a different story. First try to negotiate with the agency with the deletion letter as the only acceptable agreement. You will not pay without getting this letter. This means that a contract is written up to say that they will delete the negative market off all credit bureaus once payment has been received. This must be signed and dated. If they do not, no problem, you can place the payment in escrow and they will get paid but your current score will be used. Now if the collection is over 24 months, it will not affect your credit score as much so escrow is the best possible solution unless you can get an approved deletion letter.
Collection agencies do not normally have that power without a court order. You should go see a lawyer ASAP.
Anyone can be sued for anything. Whether you will win is another matter. If a collection agency demands a payment and cannot or will not provide proof that the debt is valid, it should not be paid. You might then have a case for harassment if they continue to demand payment without validating the debt.
Go to your bank, negotiate an agreeable finance rate, pay off the buy here pay here. You will still have monthly payment but, usually at better rates without the hassle.
The short answer is yes. But, be advised, there a zillions of horror stories about these companies causing more troubles, and causing huge expenses (frequently by them basically becoming a finance company)...so you must be careful. Many collection agencies will work with you on a payment plan without having someone else get involved. Might be worth discussing.
if you do not have a way of paying back a loan, then you will have to go without until you find employment, whether it is washing dishes or scrubbing floors, get some work first then apply for a loan, once you have o9btained the loan, negotiate the payment plans.
Collection - Men Without Hats album - was created in 1996.
12 . Answer 2: Yes you may be asked to work extra but you make a note of hours worked and claim for extra payment or time off for the hours worked. Need to negotiate with the Management.
The IRS has the right to file a lien at any time after a demand for payment has been issued and 10 days have passed without payment. The fact that you are on a payment plan does not mean that they will not file a lien to secure their interest. The IRS operates its collection arm from several different service centers around the country. You may have made your arrangement with someone in Fresno, and had a lien come from Cincinatti for example....perfectly normal.
The payment done without delay as per the schedule