answersLogoWhite

0

Yes, a creditor/collector has no legal obligation to accept payment for anything other than the agreed upon amount. The same premise applies to making less than the minimum payment on credit accounts as well, such action would render the agreement null and void and the creditor can legally demand payment in full.

User Avatar

Wiki User

19y ago

What else can I help you with?

Related Questions

Can a collection agency reject a payment if it is not the full amount?

Yes. Although a lot of times they are "bluffing". Believing that the consumer will come up with more money. That after all is how the majority of collection reps. earn their salary, by commission. If a person is paying all they can afford and the agency refuses to work with them. The alternative is to seek legal advice. And save the money for a possible settlement in the future. Many creditors will, when faced with a legal battle opt out for a less than full amount owed settlement. A well informed consumer who is willing to stand up and enforce their rights has a lot of power over the collection creditor bullies.


Can you reject a Zelle payment?

Yes, it is not possible to reject a Zelle payment once it has been sent.


Is it possible for me to reject a Zelle payment?

Yes, it is possible to reject a Zelle payment if you do not want to accept it.


How do I reject a Zelle payment?

To reject a Zelle payment, you can simply decline the payment request or transfer within your Zelle app or online banking platform.


How can I reject a Zelle payment?

To reject a Zelle payment, you can simply decline the payment request or transfer within the Zelle app or through your bank's online banking platform.


Why did Zelle reject my payment?

Zelle may have rejected your payment due to security reasons, insufficient funds, or technical issues.


How can I reject photos in Lightroom?

To reject photos in Lightroom, simply select the photos you want to reject and press the "X" key on your keyboard. This will mark the photos as rejected, making it easier to filter and manage your collection.


How do you know if your lawyer is not selling you out after a deposition?

A lawyer can't sell out anything- it's the client who decides whether to accept an offer of settlement or reject it.


Will the debit card of an Indian bank be accepted for purchases made from amazon com or amazon co UK?

no it will reject it and they will trouble you with the payment


How can I effectively refuse a Zelle payment?

To effectively refuse a Zelle payment, you can contact your bank or financial institution and request to decline or reject the incoming payment. You may need to provide a reason for refusing the payment, such as a mistake or unauthorized transaction. It's important to act promptly to prevent any issues or misunderstandings.


Why did the U.S. reject the peace plan submitted by the North Vietnamese in October 1972?

The US and the North agreed to a settlement, the South disagreed. This caused a deadlock.


Why did the recipient reject my Zelle payment?

The recipient may have rejected your Zelle payment for various reasons, such as incorrect account information, security concerns, or technical issues. It's best to contact the recipient directly to understand the specific reason for the rejection.