Can a company send my account to collection if I'm paying something on it?

Question

I'm paying $50 dollars a month on a doctor bill I have. They've made it clear they don't want a payment plan, they want their money now. Well I can't do that, I'll pay $50/month until it's paid off.

Can this company turn my account over to a collection agency even if I'm making payments on it?

Answer 1

Sure they can, since it's not a mutual agreed installment plan. They are losing money on the interest; credit card companies charge people like 20% APY, why should they offer you a free loan?

Say you own them $5,000, and instead of paying all in once, you pay $50 each month; assuming 6% APR, they will lose roughly $1700 in interest after 100 month when you finally pay off your bill.

Answer 2

Yes, they can. However, it does not always go on your credit report. When the account has been handed over, ask the company what their policy is. I recently had an account that I was paying off as agreed with the service company. Suddenly, I began receiving bills from a collection agency. I called both companies to verify. It was legit.

Answer 3

They shouldn't, they should be happy you're even paying that much! Whether or not they can, I suppose if they really want to be assholes and get killed with word of mouth (meaning, you inform people you know how you've been treated by this particular office) they could send you to collections. Which is kinda stupid on behalf of the doc's office because most collection agencies will work out some sort of payment plan with you.

Answer 4

Once the account goes to outside collection company the account is under the collection agency. You owe the collection company you don't deal with AMEX anymore. You didn't pay AMEX so they closed your account and send it to collection company. Don't listen to the credit solution. What credit solution companies do is they try to work with lender to try to get more time, see if they can get late fee waived etc. But once AMEX send it to collection then AMEX has nothing to do with you. These credit solution are scam. Do you know by going to these type of companies you ruin your credit. It shows you couldn't manage your own debt so you hired a outside company to do it for you.

Answer 5

They can, which is stupid because then they lose money to the collection agency which gets some of the collected money for their service. Anyway, if they do, keep paying to the collection agency, you'll get it paid off. Not a smart move by your dr, and I would find another dr btw.

Answer 6

Unfortunately, if you are past the deadline listed on their invoice (which for a doctor or other medical bill is usually "payable on receipt"), they can send your account to collection. Be aware that there are state and federal statutes limiting what the creditor or collection agency can do to get people to pay.

Answer 7

Yes they can but they show it as slow pay! BUT don 't miss making a payment,Then they can take you to court, As long as you make a payment and they accept it,you are in good shape and all they will do is try to scare you into paying it off fast. Just remember there is no paupers prison,!

Answer 8

If you are sending them any type of payment and they accept it (deposit it), then I don't think so. You are making a good faith effort to take care of your bill. Now they may continue to call you insisting on full payment, but if they accept every payment the threat is hollow.

But don't miss a payment!

Answer 9

Yes, they can. Since you did not enter into any type of payment agreement with them (b/c you cannot do the lump sum), you are technically in breach of your original contract. At that point, they can send the account to collections.

Answer 10

if your sending anything then if they did would be rediculas

like with home forclorsures cost a mimum of 40,000 for a bank to repo going to a collection agency isnt cheap either nor free so its a threat call and try to work with them be honest and see what they can do