and pay them?
2007-04-17 11:33:36 · 6 answers · asked by shawnp089 2 in Business & Finance ➔ Credit
no, generally not.
btw collection agencies generally take about 30% of what they collect.
2007-04-17 11:38:36 · answer #1 · answered by Robin R 3 · 0⤊ 1⤋
Normally the owed account is sent to an agency to collect the money owed. They will contact you and generally you can set up a payment plan with the agency to make it easier on your finances. They pay a fee to the agency which in turn charges you so your account is no longer deliquent with the first party.
2007-04-17 18:41:36 · answer #2 · answered by rtharp8 3 · 0⤊ 0⤋
You can send a payment in full directly to your creditor and see if they accept it. Or, you can send the full amount of the bill to the collection agency. the collection agency has a contract with the creditor, not you. Any fees will be paid from whatever they collect. If you can pay it, you may want to do so before it hit your credit record. Once it goes to collections, the creditor is under no obligation to remove it from your credit record.
2007-04-17 18:41:54 · answer #3 · answered by David L 6 · 0⤊ 0⤋
If the debt is SOLD to a collector, the original creditor no longer has ANY rights in the matter. If the collector is acting as an agent for the original creditor, you can ignore them and deal directly with the original creditor.
2007-04-17 20:06:00 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
no, you have to pay the collection agency. what difference does it make who you pay?
2007-04-21 03:01:24 · answer #5 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Normally no.
2007-04-17 18:45:18 · answer #6 · answered by ? 7 · 0⤊ 1⤋