Unfortunately, what YOU want doesnt mean much to the lender. THEY want their money and they have LEGAL options to obtain that money if you have it. Remember when you wanted that car??? You agreed to certain things in the contract you signed. Maybe you didnt read them, but you agreed to them. You need to get ready to make CHANGES to how you handle this account. Good Luck.
Contact your lender and arrange payments. Was your vehicle taken?
Thanks for everyone's responses. To roosta: thanks for your message but next time if your going to leave a message maybe you should leave a useful answer to the question. Please don't waste your time with a nasty response.
I did contact the lender (53rd bank) many times. They won't talk to me and refer me to an outside collection agency. Here, let me explain the situation in the past: the 53rd bank collections department (not this collection agency) always worked with me to arrange payments. They sometimes sent the account to the collection agency who would typically call for 2 weeks "and then" the account would go back to the 53rd bank collections department. The collection agency always demanded for full payment of what was "only owed at the time" to get all caught up. This time the Collector has the account for 2 and a half months and he is offering a price break if I pay in full. Has anyone gone through this? Anything I could do to get the account back to the bank? Thanks.
after 180 days of non payment your account will be charged off and turned over to collection agency
If you don't pay your credit card you will get a nasty call from a Collection Agency demanding immediate payment.
The balloon payment calculator takes into account your balloon payments, or your large usually last payment of your loan, and meshes it with your current loan and additional payments.
Send them a certified letter demanding that they stop, and further demanding that they only contact you via the mail. Advise them that they will be in violation of the Fair Debt Collection Practices Act if they do so.
In order for a business to accept credit or debit card payments on their website, they must set up a merchant account. This is a bank account specifically used to accept those types of payments. In order to accept payments, a business must have a payment gateway. A payment gateway makes it possible to securely transmit data between the business' website and their merchant account.
Have the collection agency send a written agreement accepting the settlement or payment amount agreed upon BEFORE rendering any payment(s).
After 180 days of non payment they will close and charge off the account and most likely farm it out to a collection agency
Yes. And it stays on 7 years from the date of payment.
Yes. There are many companys that do this. They work with the creditors and help you make the payments that you can afford.
if collection agency is not from your lender, but third party, then you need to fax them proof of your payments to your lender or financial insitution and have them send you a letter stating that they will not report you to credit bureau. and also have them contact the collection agency you are making payments. asian623 http://www.myspace.com/scionturboracing
It means the first day the account became delinquent. Say your payment was due Jan 1, 1997 and your contract stated the account would be delinquent if payment was not received by Jan 15, 1997 and you made no payments on the account after that date. The date of last activity should be reported as Jan 15, 1997. If it is not then dispute the account with the CRA's.
Outward bills for collection is a process in domestic sales where the bank collects payments. Export documents are presented by the seller of goods to the buyer's bank for payment.
Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.
An account receivable is always created
Probably not. The girlfriend is not responsible for payment. However if you have a joint account then the payments may be seized from the bank.
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
Yes RBS credit card payments can be made online. Simply link your payment account to your checking account. RBS's website will give you step by step instructions on how to do this.
There is no "minimum payment" really. Any payment you send will be applied to your balance, however, most collection agencies will only agree to a payment arrangement if it meets their schedule to be paid within a certain time frame. If you are paying less collection activity would continue on your account.
A merchant processing account is an account that allows a business to accept payment from credit and debit cards. This allows payments to be processed electronically.
A merchant account is a type of bank account that allows businesses to accept payments by payment cards, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.
Most companies accept payments through their web site. Look on their bill or insurance card there should be an site listed. Go there, create an account, find the link in it to make payments, put in your bank account numbers and make the payment. Some companies will also take payments by phone.
Generally you would go to the companies web site and get logged into your account. Then you can make the payments online.
The only person that can accept payment once an account has been charged off is the purchasing agent. When a collection agency purchases your debt, they purchase all legal rights to it, including any payments made towards the account. If you were to pay the original creditor after a chargeoff, they are required to forward that payment to the purchasing agency and this can be a rather lengthy process. Understand that many debts that go to collections are interest bearing and the longer a payment takes to get to the correct party, the more you may be paying in the end.
go to www.prrehackshub and open payments......without payment or payment and when you are done go to your account............thats all bye
Paying the collection agency will clear up your account much quicker and some creditors will return the payment to you if you send it directly to them. Most creditors sign a contract with a collection agency and cannot discuss the debt with the debtor once they place it with the agency, they must refer all correspondence, communications and payments to the agency for the life of that contract.