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Can an account be sent to collections if you are making monthly payments?
Wiki User
∙ 15y ago
If the payments are not suitable in size to the creditor, then yes. This commonly happens with medical bills. Hospitals and clinics are not required to extend the courtesy of credit to anyone. Payment in full tends to be the policy. If you owe thousands and are only paying a small amount (like 50 every month) they will send it to collections.
Wiki User
∙ 15y ago
Yes, an account can still be sent to collections even if you are making monthly payments. If the payments are not meeting the agreed terms or if the creditor believes the account is at risk of defaulting, they may send it to collections to recover the debt. It's important to communicate with your creditor and try to negotiate a manageable payment plan to avoid the account being sent to collections.
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Is it better to settle an account in collections or pay it in full via monthly payments?
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Can you be sent to collections if you make a payment every month?
You should not be sent to collections if you are making monthly payments. Some companies have their own "polocies" on how much your payment needs to be in order to keep from collections but the law says that you can pay what ever you want as long as you don't sign a payment contract.
If you pay on your medical bills can they turn you over to collections?
Not if you are making your payments.
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I'm making monthly medical payments can they still send me to collections?
YES! Unfortunate, but true. If the company has had your file for the max time, even if you are making payments, they can still send it to collections. I know this from several past experiences. I would tell them that I will pay $5 a month and you have to take it. Yes, they have to accept the money, but if the payment plan isn't good enough for them they will send your records to a collectionsl PLEASE NOTE, this may vary from state to state, so don't take this as a for sure, but I know of several states that do this.
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