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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.

2006-09-12 11:30:52
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