How much to send collection agencies?
a few dollars a month, they can not take action against you, because you are trying to get them paid off, does anyone know of such a law.
Answer:
what it does is when you send a little bit of money they are more reluctant to take you to court to collect. reason is when the judge sees that you are trying to pay and are making an effort pay paying here and there, the judge will side with you and order for another payment schedule. The other is the collection agency will more likely be willing to settle at a lower cost.a MUCH lower cost.
I've heard of that before but don't know the exact amount. I think it is based on the amount of the debt. You should pose that question to an attorney before making any decisions. Contact me please when you find out the amount. I actually used to work for a collections company and that just never came up. But I do know a few legal tricks to get the company off your back for a minute and avoid wage garnishments.
It used to be you could send them as little as $5.00 a month.
However, I think now it's $20.
You'd just have to consult the FDCPA (fair debt collection practices act) and see if it can give you any guidelines.I think you can look them up online.
I've heard of that as well, it is true. But, the collection agency will say just about anything to you to try to get you to pay it off right away. They do use scare tactics, just remember that is all it is, they are trying to scare you. As long as you are paying something it shows you are trying to make an attempt.
if you are really trying to get it paid off, call them and set up a payment plan. you set the amount you can pay each month until it gets paid off. and make sure you have something from them in writing that says that they will remove anything on your credit report after the debt is paid.before you pay anything. i know from experience that after it's paid, they forget any promises that were made.
depend on what state you in, and if they allow it
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