I lost my job earlier this year and it put my wife and I behind pretty bad. Just now are we back on our feet able to starting paying these things off. How can I level with a collection agency to try and pay as less as possible. It's not that we have alot of debts, just a couple of ones that are like between 1k-2k and you can't exactly just put up a thousand bucks up front and still expect to buy groceries and pay rent.
2007-10-20 09:11:34 · 1 answers · asked by MM 1 in Business & Finance ➔ Credit
Tell them flat out that you can only afford to pay a certain amount a month, and on a certain day of the month. Let's say you can afford $25 a month on the 15th of the month. Offer it. But it would sweeten the deal if you can pay a chunk, say, $100-$300 or so off the top, and then make payments on the rest though. As long as you make the payments on time every time, they hopefully will work with you. They don't have to take it, but it does cost them to chase you. And if they settle with you, they get AT MOST half.
Good luck!
2007-10-20 09:34:49 · answer #1 · answered by zippythejessi 7 · 0⤊ 0⤋