2007-09-13 04:01:37 · 3 answers · asked by robbine1965 1 in Business & Finance ➔ Credit
Yes. Allowing you to make payments is a courtesy. They could just demand full payment or take you to court.
Collectors will accept payments if it will clear up the account within 3 to 6 months. That's reasonable. Small payments that would take 5 years to pay off the debt is unreasonable.
If you send the small payment, they will take the money but they will also continue to call or could just take you to court.
2007-09-13 04:09:04 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
How lots do you owe? If it quite is a huge sum, $20 is an unreasonable fee plan. the sequence organization would not ought to artwork along with your or conform to settle for money. while you're in collections, which ability you have already defaulted on the unique phrases of your contract with the unique creditor. considering you're in default, all the money is due. Going returned to the unique creditor would possibly no longer do you any solid. danger is the debt became bought and you need to handle the sequence organization as they very own the debt. you may proceed to deliver you $20 money yet that isn't end them from calling and annoying extra or taking you to courtroom, the place they gets a judgment, connect your financial organization money owed or lein your private homestead or garnish your wages -- as much as twenty-5%.
2016-11-15 03:12:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They will TELL you that they will refuse it, but I guarantee when you send the check they will cash it.
Send everything certified mail, signature required, keep all cancelled checks, and pay them every month.
2007-09-13 04:50:23 · answer #3 · answered by Expert8675309 7 · 0⤊ 0⤋