0
That might be a bit optimistic, but possible. A collection agency will sometimes 'buy' debts from other companies, companies who consider the debt uncollectable. Maybe they just don't have the people or resources to pursue it, etc. So rather than writing the debt off completely, it is sold at a percentage of the total value, to a collection agency.
This collection agency now pursues the debt. They may consider accepting a smaller payment from the debtor, as long as they are making a profit on the whole. However you will tend to find that the agency is most definately after a full payment, plus interest.
If the agency is acting as a first or third party agent (pursuing the debt under the instruction of the owed company) then they may not be able to accept anything less because of their obligation to the company they are acting as an agent of.
What else can I help you with?
What is an offer in compromise?
An offer in compromise allows a person to settle their debts for less than the amount they owe. A good time to pursue this would be when you owe debts of a substantial amount.
How do you negotiate with collection agencies to pay the debt and get paid collection accounts removed from your credit report?
Collection agencies typically purchase debt portfolios at auction for pennies on the dollar. The older the debt the less valuable it becomes. Your debt may have been sold and resold about every 90 days. Use the following to estimate what the collection agency paid at auction; 60 day old or less 50-80% 90 day old or less 45-75% 180 day old or less 10-45% over six months 3-10% For example if the collection agency bought your 6 mo old $1000 debt, they likely only paid $30-$100 for it. You can negotiate with the collection agencies and offer them a one time cash settlement offer that is slightly higher than what you estimate that they paid. Beware that they are professional debt collectors and they will pressure you into making installments for the full amount owed. They will never admit that they bought your debt for pennies on the dollar and will insist that you make payments in full. Hold firm to your settlement offer price. If the first company that you deal with will not accept your offer, just wait a few months until they sell your collection account to a different collection agency. When the collection Agency accepts your settlement offer verbally, you must get the agreement in writing before sending any money. The agreement must state that, xyz company agrees to accept $xx as payment in full for the debt of $xx. After you have the agreement and proof of payment, dispute the collection account record with all three credit reporting agencies. Stating that the information on file is "inaccurate" as the debt is paid satisfactory.
How do you dispute items on your credit report?
1. Get a copy of your current credit report. (I have used www.freecreditreport.com which can provide all reports from all 3 credit agencies for around $40.) 2. Write up letters to each collection agency asking why each account was opened along with the account balance. 3. Get the letter certified, copied and send them to the collection agency. 4. (Read both of these steps) If the collection agency replies: you can "Ask For Forgiveness" from them and offer a different ammount than the full balance and barter, be sure that the letter of forgiveness stats that even though you did not pay the shown balance that they close the account and say it was paid in full. If after 30 days the collection agencies do not reply you can contact the collection reporting agencies in which the negative note was placed and provide them with the copied documents showing that 30 days has passed and the collection agency has not replied. The mark will be then be removed.
Is discount allowed a expense?
yes, because u offer discounts to your customers
Outline the reasons for giving cash discounts?
Giving cash discounts helps introduce your product/service to a first time buyer who otherwise might not have tried what you had to offer due to pricing. Sometimes a discount pricing can trigger a buy regardless of the discount and impulse buying is another good reason for offering discounts.
What travel agencies in Hawaii offer discounts for senior citizens?
The Hawaiian travel agencies which offer discounts for senior citizens include the following agencies: Regal Travel, Hawaiian Airlines, and Go Hawaii.
What are the best agencies to contact for debt collection jobs?
One of the best agencies to contact for debt collection jobs are StudentAid and Kiplinger. Both agencies offer a great amount of help regarding debt collection jobs.
Do you offer any senior discounts for travel?
Yes, There are many senior discounts when travelling. There are some travel agencies that don't provide discounts for seniors but the best one is travelocity.com
Do auto insurance agencies offer discounts for safe drivers in Georgia?
Yes most do, one of them is allstate
Is there a senior discount for car rentals?
Most car rental agencies offer senior discounts, which is a very nice bonus. You can check online websites like Rentals.com to see which ones offer these discounts.
Where can I find senior flight discounts?
Many airlines and travel agencies offer discounts to seniors. For some examples on pricing you can visit www.cheapflights.com/travel-tips/senior-discounts/ or www.bargaintravel.com/senior_travel.html
Which travel agencies offer discounts for all inclusive vacation packages?
the best travel agencies are online travel agencies you can try and make best deals. one of the best is www.expedia.com
Do travel agencies offer discounts on Miami vacation packages?
Travel agencies offer discounts on vacations if you bundle things like airfare and hotel stays to all different areas. If you want to save money and do it yourself without paying a travel agent Expedia is a great site.
What airlines offer senior citizen discounts?
There are many airlines and travel agencies which offer discounts to seniors. It is best to comparison shop for the best rate available. For more information you can visit websites such as: www.suddenlysenior.com/airfareseniordiscounts.html
What are some good senior travel discounts in Florida and Disney World?
There are plenty of travel agencies which offer discounts to seniors, especially for Disney World. For more information online you can visit disneyworld.disney.go.com/
What are good rental car discounts?
Not all car rental companies offers discounts but there also companies you can find that will offer customers a generous discounts for their rentals. In carrentaldaddy.com, they promise to give you the best deals from top car rental agencies worldwide.
Does Hertz offer discount car rentals?
Hertz is a very affordable rental agency. Similarly, Enterprise also offers good deals. You may want to ask about AAA discounts or military discounts, too, as both agencies honor those types of discounts.
