0
Should you pay the credit card company when the debt goes to a collection agency so it may be active again?
Wiki User
∙ 18y ago
The collection agency is basically "the goon squad" to collect outstanding debts for that company you owe money too and you obviously owe them money and it's your responsibility to pay it back. Why? Because people who don't pay off their credit card debts or loans let this mischief filter down to others who are paying off their debts. You owe it ... you pay it! Please write a letter to the credit card company informing them of your circumstances (and you'd better be telling the truth) and ask if they could either lower their interest rates (which legally you can force them to do in the States) or the amount you can afford to pay each month. The credit card company just wants their money, and also, if you pay something on a credit card even though it's not the required amount they can't come after you as long as you are making an honest effort. All they want is their money! If you refuse to contact the credit card company by mail (and it should be by letter and Registered at your post office) then you can't expect them to work with you on your debt and your life will be one hell before it's over not to mention ruining your credit rating which you will certainly need if you want to purchase a car or a home in the future. Marcy It's always a good idea to pay your debts. But it is impossible to re-activate a defaulted credit card account. Once any account goes to a collection agency, the bad debt is due and payable in full. If you pay the debt, the CC company may agree to grant you a new account, but nothing can make the former, defaulted one active.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
If Company A sends your acct to a collection agency but you decide to pay off Company A do you still owe the collection agency money?
Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.
Do you still need to pay a company if you are paying a collection agency for the charged off debt?
No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
Once the delinquent account has been turned over to a collection agency the physicians office should do what?
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
Do you have to pay a bill from the collection agency for their collection fee when you paid your original bill in full directly to the company?
No, if the OC accepted your payment then it's case closed
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
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.
Find out if a collection agency is legitimate?
I recieved a call from a collection agency but not able to find any info on the company. How do I know its legit? Company is Action Collects. Company was very rude with a customer that is willing to pay balance in full.
Can collection agencies take you to the court?
Absolutely they can ! The only reason a person needs to deal with a collection agency, is because they defaulted on payments to the original company. That company passed the account to a debt-recovery agency, who paid the sum YOU owe to the original company. If you simply refuse to pay the collection agency, they have the legal right to take you to court to recover the debt !
Can a collection agency in America collect monies outside the jurisdiction for small amounts -such as the annual maintenance fees on a timeshare?
a collection agency can collect where ever they need to. they purchased the debt from the timeshare company (to use your example). what i don't know is if they can impact your credit if for instance you were in the US and the collection agency or timeshare company is out of the country.
If Company A sends your acct to a collection agency but you decide to pay off Company A do you still owe the collection agency money?
Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.
Where do you pay collection accounts that are reported on your credit report when the company is out of business or no longer handles the account that was reported for collection?
You pay the collection agency.
What company is ARG at phone number 800-700-7719?
Collection agency
Should you pay the company owed instead of collection agency?
This will depend on the creditor. You can try calling them and asking if they are willing to set up a payment arrangement with you.
What is collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
What percentage of the debt should repay collection agency?
50%
Do you still need to pay a company if you are paying a collection agency for the charged off debt?
No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.
