Why won't collectors accept payments? If they get a judgement on you, isn't that what's gonna happen anyway?

Answer 1

they don't have a choice. if your offering to make payments they have to let you.

check out the site for other usefull info.

Answer 2

Some collectors will accept payments and some will even allow a person to pay a percentage of the amount and consider it paid in full.

Maybe the payment offer you requested was to low - example: wanting to pay $20 a month on a $3000.00 debt.

There may be many factors why the collector isn't taking your offer.

If they get a judgment on you, depending on your states exemption statutes, they might not get paid. Or, they may be able to garnish your wages etc.

They cannot legally just throw anything and everything into a lawsuit (as a previous poster was talking about) - they can only legally sue for the true amount due plus court costs (and likely interest after the suit until it is paid).

One of the first things you need to check on is your states statute of limitations (SOL). For all you know, you may be out of SOL for them to legally collect.

If you haven't sent them a debt validation letter, you should do that before you even think of trying to make a deal to pay. That way you will know that you are not paying for charges that should not be included.

Also, never - ever do anything by phone with collectors. Do everything in writing and send it certified mail return receipt.

I would suggest going to the site that I've listed. Learn your rights and learn how to deal with collectors.

Answer 3

You may be describing a situation where the collector isn't willing or able to accept anything but payment in full. This occurs after all warnings to correct past due payments have not been complied with.

At that point, the scary situation becomes that your entire balance becomes due and payable.

Answer 4

They are plumb stupid if they don't take payments. One collector called me once and told me I had to pay such and such on my account or else. I said you will accept what I send or else. I sent in what I wanted to pay them, they sent the check back to me uncashed. When that is done consider it paid in full, because they would not accept what you were able to send them. I never heard from them again.

Answer 5

No, If it went to collections then you waited to long, and for doing
that its gonna cost you. If they get a judgment then they can
get you for costs, late fee's, interest, penalties, liens & whatever
else they can think of. They are worried that accepting a partial
payment from you is your attempt to try to stall it out over a long term. My advise is to bite the bullet, pay the bill & get yourself out of this mess before it escalates.