Has anyone ever began monthly payments on a settlement agreement offered by a bill collector, and later the collector still took you to court for the full amount of the debt anyway? Or did the collector sell the debt to another collection office before your last payment date? Can they do this legally even if they've put it in writing?
2006-12-23 22:15:15 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
Sometimes a debt collector will offer a settlement amount and accept payments for a debt with the plan of going to court anyways. He accepts the payment/payments to use against you as your affirmation that the debt is yours and it is a legitimate debt. The court sees your payment as an admission that the debt is indeed yours and that the original amount of the debt is not in dispute, regardless of any subsequent agreements.
2006-12-23 22:40:13 · answer #1 · answered by gr8 3 · 0⤊ 0⤋
I have not had that happen, but I have read a few books about credit repair and all of the authors have warned about this (taking you to court after you have agreed to make payments). The new company has to provide you proof that they have the authorization to collect on the debt and that you owe the debt.
2006-12-23 22:20:12 · answer #2 · answered by Mariposa 7 · 0⤊ 0⤋
I had that happen to me about two years ago. Apparantly the bank transferred the account to it's collections people, and my money was still going to the bank itself. When I appearred for court after being summoned by the collections department, I presented receipts and a copy of the payment agreement to the collections people, and they agreed to allow me to continue paying as I had been. These people are looking to get their money, and if you are RELIABLY paying a reasonable amount, they will work with you, IF you take the incentive and show them that you are serious about paying. If they still want to take you to court, just SHOW (not tell, take reciepts or cancelled checks) the judge that you are paying, and he/she will most probably rule that you can continue to pay as you are, so long as it is reasonable. That is the key. Always be reasonable.
2006-12-23 22:56:55 · answer #3 · answered by izzy 2 · 0⤊ 0⤋
indexed decrease than is a link which incorporates pattern letters to deliver to lenders. you ought to substantiate that your first fee and envisioned final fee dates are indexed, to no longer point out the substantial section with regard to the activity being waived.
2016-10-05 23:25:50 · answer #4 · answered by ? 4 · 0⤊ 0⤋