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If a collection agency says that your credit company will file a claim if you do not pay two full settlement payments will they really file the claim if you can only send most of the payment?
Wiki User
∙ 16y ago
== == It costs the credit company a small fee to sue you for the debts in court. I would advise you to TALK to the collection company and WORK out a deal, and get it in writing, so both sides are clear about the details, then pay as you have agreed to, until the debt is paid off. I collect debts for a living and the best advice I can give you is to talk, not hide.
Wiki User
∙ 16y ago
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Can I get an out-of-court settlement on my credit card?
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
Should payment be sent to the credit card company or the collection agency?
If you have a collection agency working for the credit card company then it is them you need to make payments too as it is now too late to pay the credit card company. They have sold the debt to the collection company and you will have to pay any charges on top of the debt now also. Try not to let it get that far in future, but that's easier said than done.
What is the meaning of buyer of structured settlement payment?
A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.
How do you get a remittance?
There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.
What exactly is an annuity settlement?
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
How can I get cash for my structured settlement payment up front?
As part of the settlement negotations you can ask for payment up front. This can be handled with your attorney. Contact a company who buys settlement payments. You will only be eligible if your settlement is for more than a specific amount, which varies by the company offering the upfront payment.
Can you make payment plans to a collection company?
Yes. There are many companys that do this. They work with the creditors and help you make the payments that you can afford.
Can you pay a civil judgment in payments?
Usually you can work out a payment plan with a judgment creditor. If you do not have the money now, a payment plan (and settlement agreement) is a cheaper and better alternative to the other collection techniques in the Creditor's arsenal.
What is the use of a collection agency debt settlement?
A collection agency debt settlement means when someone is in debt and a company offers a settlement amount to the creditors owed. Payment arrangements are discussed and made, sometimes the amount is way less than the actual bill.
I tried to make a payment to a bill collector they refused to take the payment. I went to the company that turned me in to collection they accepted the payment. what are my rights?
If the bill collector refused the payment, you can inform them that you made the payment to the original company and request that they update your account accordingly. Keep documentation of the payment made to the original company in case any disputes arise. It's important to communicate clearly with both parties to ensure your payment is properly accounted for and reflected in your records.
When a person receives an auto insurance settlement payment is the insurance company sending any notice of that payment to the IRS?
Payments of this kind are not taxable at all. This is considered as compensation for a loss of some kind be it injury or property.
How do you pay a collection account?
Have the collection agency send a written agreement accepting the settlement or payment amount agreed upon BEFORE rendering any payment(s).
When would a structured payment be required?
"Usually, a structured payment is set up as part of a structured settlement." A structured payment is made to a claimant who was part of a structured settlement. They receive payments instead of one lump sum.
Why would someone want to sell a structured settlement payment?
An individual might want to sell a structured settlement payment in order to get a lump sum payment of those funds upfront instead of being paid out in installment payments.
How can I get a payment advance on my cash structured settlement?
There are many organizations that advertise on television that offer payment advances on cash structured settlements. In addition to them, a good one online is www.stonestreet.com. A structured settlement spells out the terms of the settlement and when the settlement payments will be made. There is not a way to get a advance on that.
Can I get an out-of-court settlement on my credit card?
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
Is workers comp settlement taxable income in the state of California?
Workers comp payments (whether a settlement or not) are generally not taxable. However, if the payment causes your Social Security benefits to be reduced, the part of the benefit that reduces your SS payment will be treated as if it were an SS payment.
