how long does a debt have to be in defalut before it can be sent to collections?

Answer 1

Being sent to Collections depends on the company. The bigger credit card companies have an internal collections department, and if they do it could go there anytime after 30 days. Then after a while they could charge it off and sell it to another collection agency.

To go to an External Collection agency it depends on the company, some will send it after 30 days, some will wait 180 days. This also depends on how much you owe and how easy you are to get a hold of. If you never respond to them at all they will probably dump you a lot sooner. Generally you would not wait to push it to see how long. You should try to take care of it ASAP if you think they might send it to a Collection Agency. Once it is out of their company it becomes a lot tougher to arrange a payment plan.

Answer 2

It all depends on the company and their contract terms. Some companies will send the debt to collections after 90 days, some 180. It varies depending on the type of loan - if it's a car loan, a credit card, a personal loan, etc.

Answer 3

15 seconds. Technically, a debt can be sent to collections the instant yo u default. As a practical matter, you probably have at least 30 days.

Answer 4

Look
U can only by late 120 day
then u go to collation
and overthrew 18 mouth of collection
u get a judgment

Answer 5

It depends on the lender and the type of account. You can make payment arrangements with the lender to pay less than the full amount if they are willing to work with you. Sometimes you can get them to do other things like deferred payments, too.

The best thing to do is keep in contact with the lender. Answer questions about why you're behind, and when you can pay. This will help them to help you.

Answer 6

At my credit union it is sent in after 30 days late.

Answer 7

There's no solid answer. It truly depends on the company. I'd suggest paying off your debt if you can.