A collector wants me to pay $100 but i don't have the full $100, can i pay $50 to prevent them from suing me

Answer 1

Legally, they don't have to accept payments or anything less than balance in full. Offer them $50 but be prepared to pay $80. I was authorized to accept less than 100% depending on the wishes of our client (who I was collecting for.) Most were 80%.

For a balance that small, I don't think they'd accept payments. Not worth their processing expenses for the additional payments.

I don't think they'd sue for only $100. If they're telling you they will but don't intend to do so, that's in violation of the Fair Debt Collection Practices Act.

They will, however, place this on your credit report if you don't pay. People used to tell me and my co-workers they didn't care if it went on their credit report. Inevitably they would be calling back within 1-2 years with a sudden change of heart. It would become important to them when they tried to take out a loan and the bank told them to get it cleared up or they wouldn't get the loan.

Here's a link to the FDCPA.

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm

Answer 2

I work for a collection agency most likely on a balance that small they want the full amount. If all you have is 50 right now I would go ahead and pay it and make a promise to pay at the end of the month if you cant pay the other half half untill next month then give them a post dated check over the phone so that they know that the bill will be paid and stop calling you.

Answer 3

Yes you can pay $50 and agree to pay the rest ASAP. Most collectors will accept an arrangement like that rather than spend more money on legal action. A landlord, or anyone who is renting you their property, may not want to do it, because they could be making money from someone else if they rented that property to them instead.

Answer 4

It depends on the collector and at what stage of collections it is in. Is it still with the original party that you owe debt to, or an actual debt collection service. If it is the latter, you have good room for negotating as the original party has already charged-off the debt on their books as a loss (for their tax benefit) and sold the security interest to the collector as a reduced cost.

Answer 5

isn't this a dilemma? in the event that they are not getting advantages they gained't pay any hire. If the Council come to a call to evict them is the Council then no longer in possibility of rehouse them and the excellent scenario starts yet lower back. have they have been given scientific professional's certificates to declare they're no longer able to artwork? To me they're merely lazy irresponsible people who might desire to no longer care much less approximately absolutely everyone else different than themselves.

Answer 6

Usually, you can pay a "good faith" amount to avoid suit. You should contact the collector and discuss the situation with them.

Answer 7

What kind of collector? What are they trying to collect on? Secured debt? Unsecured debt?

Need more info.

Answer 8

just ignore it.....to win in small claims court you must. go to the court house to file it and pay 20 bucks......then have you served.....then go to court and sit 4 hours for the case to be called. then they have to prove it. if they win they get a judgment but then they have to try to collect. 20 bucks and 20 hours wasted and you still owe a hundred. just so much cheaper and fun to annoy you.

Answer 9

It's entirely your choice to come to any agreement you can with the creditor. If you acknowledge that you owe the money, work out a payment plan acceptable to both parties. Chances are he doesn't want to sue you; he just wants his money. Figure out a plan you can both work with, and both get what you want.

Answer 10

Call them and ask. Is a general guide I would say that something is better than nothing, if your intention is to pay it all. Johan