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Yes, you can negotiate with a collection agency to pay what you can afford each month. Many agencies are willing to work out a payment plan that fits your budget. It's important to get any agreement in writing and to ensure that the payments are reported correctly to credit bureaus. However, be aware that the original creditor may still pursue the remaining balance.
What else can I help you with?
What is the maximum percent a creditor can garnish from your gross income in the state of MO?
I make $600 a month can a collection agency require a minimum of $200 a month.
I am currently and have been paying faithfully a collection agency 50.00 a month to settle a medical debt. The agency is now threatening to garnish my wages for more. can they do that.?
NO. If you are paying a little at a time they can not garnish wages. The collection agency can not garnish your wages.The only agency that can do that is the Internal Revenue Service. It is better to pay the account in full when settleing a debt it show's on you credit report that you took a settlement. 50.00 a month try that toward your outstanding balance and pay more if you can.
If your past due rent is turned over to a collection agency and you do not pay it will it appear on your credit report?
Yes and it will lower your credit score. It would be best to contact them and make payment arrangements as soon as possible. However only agree to pay what you KNOW you can afford. Even if it's only $25.00 a month.
Can a collection agency say you must pay hundreds of dollars a month or your wages will be garnished?
Its your choice. What amount would they get IF they garnished your wages? More or less? Do they have a judgment for the balance due? IF so, they gave you a choice.
What if collection agency won't accept payment that amount to 25 percent per month of the full debt?
By federal law and most collection agencies' policies, partial payments are not manditorily accpeted. Collection agencies are not required by law to accept anything less than payment in full. If the agency has refused 25% monthly of the full amount to be paid in full in four months, I reommend sending the payment with an explanation of this to the original creditor. Chances are your payment and arrangements will be accepted.
Can you legally be sent to collection if you have been paying on a bill every month on time?
NO
What is the maximum percent a creditor can garnish from your gross income in the state of MO?
I make $600 a month can a collection agency require a minimum of $200 a month.
Do you have to pay a medical bill for services performed last year?
Any unpaid medical bill will remain your responsibility until it is paid in full. If you don't have insurance to pay the bill for you, then you will need to pay the bill. You can be turned over to a collection agency if the bill is not paid. Either the provider or the collection agency will work out a payment plan with you. The easiest way is to call them and let them know how much $$ per month you can afford to send until the bill is paid off.
I am currently and have been paying faithfully a collection agency 50.00 a month to settle a medical debt. The agency is now threatening to garnish my wages for more. can they do that.?
NO. If you are paying a little at a time they can not garnish wages. The collection agency can not garnish your wages.The only agency that can do that is the Internal Revenue Service. It is better to pay the account in full when settleing a debt it show's on you credit report that you took a settlement. 50.00 a month try that toward your outstanding balance and pay more if you can.
Is it better to pay off a collection agency or get caught up on a mortgage one month behind?
Mortgage should always come first.
Can a collection agency force a disable person to make a payment based on the amount they receive each month?
your disability can not be touched, if this is the only income you have!
If your past due rent is turned over to a collection agency and you do not pay it will it appear on your credit report?
Yes and it will lower your credit score. It would be best to contact them and make payment arrangements as soon as possible. However only agree to pay what you KNOW you can afford. Even if it's only $25.00 a month.
Why would a collection agency suddenly stop calling?
It is important to pay bills on time, every month. A collection agency calls to help a person with their finances and with paying their past-due bill, they stop calling when it is obvious they are not getting what they need, and they need to send it to a persons credit.?æ
Can a collection agency tell me how much I have to pay every month?
They can try; you can negotiate with them it what they want is just not in your range. Most will work with you - especially today. Good luck. Been there.
Can a collection agency say you must pay hundreds of dollars a month or your wages will be garnished?
Its your choice. What amount would they get IF they garnished your wages? More or less? Do they have a judgment for the balance due? IF so, they gave you a choice.
What if collection agency won't accept payment that amount to 25 percent per month of the full debt?
By federal law and most collection agencies' policies, partial payments are not manditorily accpeted. Collection agencies are not required by law to accept anything less than payment in full. If the agency has refused 25% monthly of the full amount to be paid in full in four months, I reommend sending the payment with an explanation of this to the original creditor. Chances are your payment and arrangements will be accepted.
What can you do if you have had an unpaid judgment against you for six years and you tried to settle three years ago but they wanted you to make large monthly payments that you could not afford?
its a judgment not a collection agency? all i can say is check on it, also check what your state allows per-year in interest charges. you know three years ago you should have paid atlease 20.00 a month just to show your good fate, believe me in the long run the 20.00 a month would have been seen as an effort on your part.
