Paying off Collections agency

iVillage Member
Registered: 05-07-2008
Paying off Collections agency
3
Sat, 05-24-2008 - 8:16pm

Hi everyone


Thank you to the so many who have responded to my last discussion.

iVillage Member
Registered: 11-17-2007
Sat, 05-24-2008 - 9:47pm

All you can do is ask the collection people if they can give you a settlement amount. Tell them you are able to borrow 10,000 and would they be willing to settle the account for that amount with a statement in writting that the account is paid in full. They may take it If not go a little higher until you get them to except that amount.


If the company is located in your town go there in person with a certified check for the amount. And ask them to give you a statement at that moment that the account is paid in full.


Collection company do lie all the time. Keep the receipt in a safe place because years later they may come back on you.


I wish you luck.


Mary Ann


iVillage Member
Registered: 05-07-2008
Tue, 05-27-2008 - 12:00am

Hi again


Thanks for your response!

iVillage Member
Registered: 04-12-2007
Tue, 05-27-2008 - 7:32am

I don't have any experience with this and wish I knew what to tell you.