2007-07-28 17:48:57 · 4 answers · asked by Robert C 1 in Business & Finance ➔ Credit
yes pay it off
2007-07-31 04:33:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you settled the account with collection agency, the late fee should stop. Since the account is handling by collection agency, the only rate is a default rate. At this moment, you can only negotiate how much they would accept as a final payment. Rate and late fees are no longer applied.
Ex: The original loan was $3000. You negotiate to pay them off $2700. If they accept your offer, they will determine how long you can pay it back 3-4 months or 6 months depends on them. You must pay back as the agreement, otherwise, they can come back and demand the full $3000
2007-07-29 18:13:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If it is in collections then you are going to have to deal with the company that bought it. Call them up and ask them for a settlement, they might offer you a good deal. They are going to be stubborn at first but stick to your gus and explain that you want to pay but the interest rates and fees are just too high. Ask if they will accept 60% of the total amount as payment in full.
2007-07-29 01:22:52 · answer #3 · answered by observer212 3 · 0⤊ 0⤋
Pay it off. You might try offering a settlement. But if you don't pay, those fees and interest will continue. It's all part of that fine print you agreed to when you applied for the card.
2007-07-29 01:22:15 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋