Ask Experts Questions for FREE Help !
Ask
    spazzmama's Avatar
    spazzmama Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 30, 2008, 01:01 PM
    Can a collection agent refuse payment
    Can they refuse partial payment?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Jan 30, 2008, 01:17 PM
    Yes. They will want a one-time cash settlement of the claim, perhaps with a discount; or a monthly payment arrangement, if you are lucky. You could verify the name and address of the collector and the creditor, and send a partial payment to see what happens. By doing that, the collection agency will have the name of your bank and will facilitate a garnishment of your account(s) if it gets a judgement later on. So, I would send a money order, and keep the receipt and cover letter in a safe place.
    interinfinity's Avatar
    interinfinity Posts: 142, Reputation: 8
    Junior Member
    		  
    #3

    Jan 30, 2008, 01:18 PM
    Technically they can refuse any payment, what ever is in their terms and conditions. But I would assume they would love some money, and would be happy that you made a partial payment
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jan 30, 2008, 01:21 PM
    They can refuse a partial payment UNLESS its either a minimum payment according to the terms of the contract or part of an agreed upon settlement. Frequently they will refuse partial payments in order to pursue legal rememdies, like garnishments.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Debt Collectors - what do to if they refuse your payment offers [ 7 Answers ]

Okay. So I've been told that if you try to make some sort of payment to a collector and they refuse the amount (say you're trying to be a good guy and make payments but you can only afford like $20.00 a month), that they basically denied that you owe anything and you no longer have that debt...

Collection agency refuse paymnet [ 2 Answers ]

I Had a credit card with AMEX and defaulted on it in Dec of 06. I still receive monthly statements but for the last 5mo I have been receiving collection letters too. I called the agency to make an arrangement of 200 today and 100 every mo on a balance of 1014. The agency refused my payment and said...

Can a collections agency refuse payment or payment arrangement ? [ 2 Answers ]

I owe a hospital bill of $1000 from back in march and it has gone to a collections agency. Now my problem is, my insurance company actually sent me the check to make the payment. They instructed me to put it into my checking account then send a personal check to the creditor. However when I put...

Refuse to accept payment [ 1 Answers ]

I don't have any health insurance. I went to the hospital and now I have a bill. I called them to set up a payment plan of five dollars a month, cause I currently don't have a job, and they said it has to be a minimun of twenty dollars or they won't accept it. My question is, by not accepting any...

Collection refuse payment [ 2 Answers ]

I live in Nebraska and was wondering what is the law when a collection agency refuses payments. I only received a few notices on this 1 account which was $315.00. I was going to college and just took some time off to work to get catch up. I just received my first check and sent them a $50.00 money...

View more questions Search