answersLogoWhite

0


Best Answer

They're playing hardball with you. A collection agency buys a debt for pennies on the dollar and earns money by trying to collect on that debt. Any money they receive over the amount they paid for it is income, so some collection agencies will be very aggressive -- sometimes even illegal and intimidating -- in an attempt to collect. Play hardball back. Be adamant in explaining to them that you were working with the last agency sepcifiacally because you didn't have the money to pay the full debt. Tell them they can work out a payment plan for a portion of the money or they can accept nothing. Imply that you're already working with an attorney on filing bankruptcy. This is usually a game. They demand a sum, you counter. They make another offer. You make yet another. They want the most they can get from you; make them work for it. And know your rights. Check out the Fair Debt Collection Practices Act online.

User Avatar

Wiki User

โˆ™ 2006-09-12 11:30:52
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What do you do if you have made payments to a CA who closed the account and the new CA says it will not accept partial payments or a payment plan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

I had work done on my car and have not paid it in full. The owner of shop refused a part payment and started proceedings to place lien on my vehicle. Can he do that?

Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.


Can you pay partial rent to avoid eviction?

A partial payment will stop an eviction but the landlord must be willing to accept it. If they will not accept a partial payment, the eviction will proceed forward.


I've broken a partial (three teeth together) and I don't have insurance. Will anyone accept a payment plan?

Any dentist will accept a payment plan in exchange in services, you will have to talk to the finance department for available payments and other options.


How do websites accept credit card payments?

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.


What exactly is a merchant account?

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.


Can you make a payment on line for Farmers New World Life Insurance?

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.


What does merchants account accept?

A merchant account is a method that allows one to collect payments from customers. Typical merchant accounts will accept payments from Master Card, Visa and American Express.


How do you accept credit card payments?

In order to accept credit card payments from your business, you would need to open a merchant account with a credit card acceptance company. The merchant account will provide you with a solution for taking credit card payments as well as settling those transactions so that the money that you are owed can be taken from the customer and deposited into your business account. For more information on taking cards as a form of payment see these resources:


Does Amazon accept PayPal for payments?

While Amazon doesn't accept payment directly from your PayPal account, they are quite happy to accept payment with a PayPal debit card - and PayPal rebates 1% on signature purchases (as opposed to purchases using a PIN.) The PayPal debit card is valid with any MasterCard merchant.


How to accept Bitcoin payments?

Try out using crypto payment gateways, for example, NOWPayments.io (nowpayments.io)


What on-line stores accept checking accounts as payments?

A lot of online stores accept Paypal, you can set up an account using your checking account


If you pay just a portion of the credit card bill what will happen?

The credit card will add interest on your unpaid balance which will increase your total credit card debt. If the company cashes your check, nothing will happen. Except what is mentioned above. They often accept partial payments. If they don't take partial payments they will return your check & demand a full payment Different companies have different rules. You should contact them to find out exactly. They probably WON'T take a partial payment without charging you interest.

People also asked