answersLogoWhite

0

You can call or write the collection agency or lawyer. You may be referred back to the debtor, unless the collector has bought the debt. To settle the matter, make the best offer over 50% you can pay in a lump sum, or try to get the creditor tio make an offer of a settlement amount.

If you can't pay a lump sum, you will find the creditor or collector unwilling to cut a deal as to the amount owed, and you will have to pay the interest plus something towards the principal every month.

Look into bankruptcy if the debt is over $1,000 or you owe several unsecured creditors.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are options with a bill collector?

A bill collector may reduce the debt you owe or offer you a lower percentage rate. Usually you can work with them and pay off your debt for a percentage of that debt.


Can a debt collector refuse a payment if you offer to pay?

can a debt collector refuse payment after it is offered after being swiched from one company to another and not being 30 day notice


Is Credence a debt collector?

No, Credence is not a debt collector.


Do you have to pay a debt collector?

Yes, if you owe a debt and a debt collector is legally pursuing payment, you are generally required to pay the debt collector.


How do I pay a debt collector?

To pay a debt collector, you can contact them directly and arrange a payment plan or make a one-time payment. Make sure to get a receipt or confirmation of payment for your records.


What is the duration of The Debt Collector?

The duration of The Debt Collector is 1.82 hours.


When was The Debt Collector created?

The Debt Collector was created on 1999-06-25.


When was The Debt Collector - novel - created?

The Debt Collector - novel - was created in 2007.


If a debt collector is representing the same bank you have your account with can they freeze the account?

Sure - the operative word here is "debt collector" ... they can and will do anything within the law to make certain they are paid.


Is Harris and Harris a legitimate debt collector?

Yes, Harris and Harris is a legitimate debt collector.


What is the best way to pay a debt collector?

The best way to pay a debt collector is to communicate directly with them, verify the debt, negotiate a payment plan if needed, and make payments through a secure method such as a check or online transfer.


How do you get a debt collector to stop calling?

"If a collector contacts you about a debt, you may want to talk to them at least once to see if you can resolve the matter - even if you don't think you owe the debt, can't repay it immediately, or think that the collector is contacting you by mistake. If you decide after contacting the debt collector that you don't want the collector to contact you again, tell the collector - in writing - to stop contacting you. Here's how to do that: Make a copy of your letter. Send the original by certified mail, and pay for a "return receipt" so you'll be able to document what the collector received. Once the collector receives your letter, they may not contact you again, with two exceptions: a collector can contact you to tell you there will be no further contact or to let you know that they or the creditor intend to take a specific action, like filing a lawsuit. Sending such a letter to a debt collector you owe money to does not get rid of the debt, but it should stop the contact. The creditor or the debt collector still can sue you to collect the debt. "