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You should not be sent to collections if you are making monthly payments. Some companies have their own "polocies" on how much your payment needs to be in order to keep from collections but the law says that you can pay what ever you want as long as you don't sign a payment contract.
What else can I help you with?
How can I pay a collections agency?
To pay a collections agency, you can contact them directly and arrange a payment plan or make a one-time payment. They will provide you with the necessary information to complete the payment process.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
What is the best way to pay for your credit card?
The best way to pay for your credit card is to be sure you make your payment every month. Missing a payment will increase your fees and increase your interest rate.
Can they consider you late during the grace period Country Wide is calling us before the grace period is up. We've never been late I mean after the grace period?
The grace period is the time your mortgage company allows before they charge a late payment fee. It has nothing to do with your due date; in other words, it is not a substitute due date. Your due date is the date you agreed to make your payment when you signed the mortgage contract, usually the first of the month, and you are late the next day. That is why your mortgage company calls you. But there is a way, in fact a few different ways, to stop the calls. 1. If you know you cannot have your payment made by your due date, call your mortgage company yourself. When you call, ask to speak to the collections department. The reason you should speak to collections instead of customer service is that the collections department can put a hold, typically up to 7 days, on the phone calls. Just tell them when you plan to make your payment, the amount you intend to pay, and the method of payment you plan to use. 2. Call the collections department and ask if you can do a post-dated check-by-phone. There is usually a charge for doing this, but it will stop the calls until the next month. 3. Set up an automatic draft from your checking account. It typically takes two bill cycles for the automatic draft to take effect, so you will need to make another payment in between the time. 4. On a new loan, the mortgage company's computer will typically call a new customer every month until a payment pattern is established. If you make your payments about the same day every month, the computer will recognize this after about 6 to 8 months, and it will stop calling, unless that payment pattern is broken. Again, if you know you're not going to make your payment on the date you usually make it, be proactive and let your mortgage company know when you plan to make the payment. Again, the grace period has nothing to do with your due date, it's just the time they allow before they charge you a late fee.
If you make a payment every month on your car in the state of Illinois can they repossess it if you don't make the exact full payment every month?
It depends on the terms of the contract, but probably.
How can I pay a collections agency?
To pay a collections agency, you can contact them directly and arrange a payment plan or make a one-time payment. They will provide you with the necessary information to complete the payment process.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
What is the best way to pay for your credit card?
The best way to pay for your credit card is to be sure you make your payment every month. Missing a payment will increase your fees and increase your interest rate.
How can I pay my collections?
To pay collections, contact the collection agency listed on your credit report and arrange a payment plan. You can also negotiate a settlement amount or pay the full balance. Make sure to get a receipt or confirmation of payment for your records.
Do debt consolidation companies arrest you for non payment?
No. They will contact you and ask you why you DID NOT make a payment to them. If you are on a very tight budget and can't make that payment, it is understandable for one month. If the second month, that you don't make a payment to them, then your account will be inactive and you will end up paying the creditors yourself.
Can they consider you late during the grace period Country Wide is calling us before the grace period is up. We've never been late I mean after the grace period?
The grace period is the time your mortgage company allows before they charge a late payment fee. It has nothing to do with your due date; in other words, it is not a substitute due date. Your due date is the date you agreed to make your payment when you signed the mortgage contract, usually the first of the month, and you are late the next day. That is why your mortgage company calls you. But there is a way, in fact a few different ways, to stop the calls. 1. If you know you cannot have your payment made by your due date, call your mortgage company yourself. When you call, ask to speak to the collections department. The reason you should speak to collections instead of customer service is that the collections department can put a hold, typically up to 7 days, on the phone calls. Just tell them when you plan to make your payment, the amount you intend to pay, and the method of payment you plan to use. 2. Call the collections department and ask if you can do a post-dated check-by-phone. There is usually a charge for doing this, but it will stop the calls until the next month. 3. Set up an automatic draft from your checking account. It typically takes two bill cycles for the automatic draft to take effect, so you will need to make another payment in between the time. 4. On a new loan, the mortgage company's computer will typically call a new customer every month until a payment pattern is established. If you make your payments about the same day every month, the computer will recognize this after about 6 to 8 months, and it will stop calling, unless that payment pattern is broken. Again, if you know you're not going to make your payment on the date you usually make it, be proactive and let your mortgage company know when you plan to make the payment. Again, the grace period has nothing to do with your due date, it's just the time they allow before they charge you a late fee.
What happens if you make only the minimum payment every month on your credit card?
If you only make the minimum payment on your credit card each month, you will end up paying more in interest over time and it will take longer to pay off your balance. This can lead to accumulating debt and financial strain.
How do credit companies make money?
They make money - by charging interest on customers outstanding balances every month - and in fees for sending payment reminders. That's how they pay their staff.
How can you have your car repossessed i lost my job and can't afford it.?
Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.
What if you owe a doctor money?
Call the doctor's office and ask to make payment arrangments. Tell them "you don't have much money but it is important to you to pay the bill and you want to see what you can work out". Legally, medical bills can not be put on your credit report or garnesh wages as long as you make payments, even if its $5 a month, or even a dollar a month, you just have to make the payment you arranged every single month.
