Hello,

I am curious what I should write in the memo line of my check that I am sending to the debt collection agency. I want to write my account number and that the remaining balance of XXX will be paid over a period of 12 months at XX per month. The reason for this is that is the payment arrangement agreed to verbally over the phone.

I asked the debt collection agency, located in Illinois, to first send me a payment arrangement letter outlining what we agreed to, but they refused, saying that will only send a receipt and the remaining balance with the monthly amounts due AFTER I send the first payment.

Thanks for all the help.

I wouldn't believe them. Do not send them anything until they put it in writing.

Reason being that the minute you pay money on it you are accepting the debt as legitimate and resetting the statue of limitations. They get a cash payment and then can still sue you for the balance.