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How much can you pay a collection agency monthly on a 8500.00 Monthly?
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How come a monthly statement is not sent by the collection agency when making monthly payments?
Because they don't. It is a lot of agency's policies.
Can a collection agency report a collection and then not update it?
In Part: No it has to be updated if the balance is revolving and going up or down monthly.
I get paid twice monthly my pay is garnished by a collection agency is this done every pay check at 25 percent or 25 percent monthly?
can you tell me the answer please?
Does a debt collector have to send you a monthly bill?
A debt collector works for a collection agency. If the angency owns the debt then you can request statements. A collection agency will send you a paid or settled un full letter. They are not a billing agency.
Is it better to settle an account in collections or pay it in full via monthly payments?
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
In order to pay off your collection accounts who do you contact?
Whomever is sending you the bills ... if the collection agency is sending notices, then contact them. You can also contact a debt counseling agency who will offer (for a fee) to intercede on your behalf and possibly get a lower percentage rate and a lower monthly payment. You then pay them the monthly amount due, then they distribute the funds to where they need to go.
You had a credit card with Household Bank that went into collection you've been paying the collection company every month for 2 years but your balance keeps going up what can you do?
What is the Annual Percentage rate set at? Are you making more than the minimum monthly payment? Is the collection agency charging any monthly fees? If you are making a $10.00 a month payment and the finance charges are $8.00, only two dollars is being applied to wards the balance, each month. Check to see how much of your monthly payment is going to the finance charges and then increase your monthly payment to cover the minimum monthly payment and finance charges.
Can a collection agency report you to the credit bureau if you are making monthly payments on your medical bill?
If the debt was properly assigned by the original creditor, yes. If you are making payments to the Original creditor than ask them to pull it back from there Collection agency, then dispute with the CRA's and when they update it should delete
How will i know what my monthly benifit will be?
Contact the agency or offices of the people who handle your money.
How often does unemployment make a child support payment?
As a state agency, it would be monthly.
A cardholder would like to make a purchase that exceeds the monthly limit on the purchase card What is the next step?
Seek approval for an increase in his/her monthly limit from his/her Agency/Organization Program Coordinator (A/OPC)
Can a credit card company still send you monthly bills and charge you finance charges on your account if they sent it to a collection agency?
YES, it stops collecting intrest when it goes to collections. at that point they have transfered your debt. It then becomes someone elses problem. But they stop collection intrest.
