Bill at collections

by Mandy

Can I send the original payment to the company if the bill is already at collections? It's two years old&now that it has gone to collections it has doubled&then some.

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Nov 02, 2011
Bill at collections

If your creditor has sent your past due account to collections, you must now deal with the collection agency, not your creditor. The creditor turned your account over to the agency because it tried to collect from you without success and hopes that the agency will have better luck.

Also, to resolve your debt you must pay not just the original amount that you owe, but also all of the interest and late fees that have been added to that amount. The total amount of your debt will continue to grow until you have paid the debt in full.

If you cannot afford to pay the collector what you owe in a lump sum, it's possible that the collector may be willing to let you pay it in installments; the collector may also be open to letting you settle your debt. When you settle a debt you satisfy it by paying less than the full amount that you owe on it. For example, if you owe $100, the collector may accept $40 as payment in full. Go here to listen to our debt settlement podcast which explains how settlement works. If you are able to negotiate a payment plan or settlement with the debt collector do not pay any money until you have the terms of what you have agreed to in writing.

To learn about all of your options for responding to a debt collector as well as about your debt collection legal rights and what to do if a collector violates any of those rights get our ebook Debt Collection Answers. You can read the first chapter of Debt Collection Answers online for free.

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