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Posted: Wed Dec 13, 2006 10:43 am Subject: FYI FYI FYI FYI FYI FYI FYI FYI FYI

Even the most notorious agencies accept payment plans. I know because i work a payment plan file for a CA that is all over this forum.

not sure · Posted: Thu Dec 14, 2006 7:19 am Subject:

Really? According to FYI, who is a collector, that is not the case. My personal experience is yes they will accept payment plans, but not necessarily what you can afford to pay. If that is what you mean then so what? You might as well not be on a payment plan if the one the CA insists on is more that what you can handle.

Posted: Thu Dec 14, 2006 7:29 am Subject: THAT IS NOT WHAT I MEAN

If you get an address and mail a check or money order they will cash it and apply it to your balance. All I am saying is that I have never worked with a CA that did not have one or two people in there calling people to make 10 AND 20 PAYMENTS. I am not making this up, and even the most notorious have people who totally disreguard the verbal agreement because they cant pay it and they send what they have.

not sure · Posted: Thu Dec 14, 2006 9:56 am Subject:

Beauty, just so you know I NEVER said you made anything up. Please don't turn this into another post where you think everyone is saying bad stuff about you when we are not.

Posted: Thu Dec 14, 2006 9:59 am Subject: i am not arguing

I am just telling about my experience. I have been in collections for a few years, so I have worked a quite a few agencies.

Posted: Thu Dec 14, 2006 10:01 am Subject: guest

why don't you sign up? since you have so much to say

Guest · Posted: Thu Dec 14, 2006 1:18 pm Subject:

What is your problem Beauty?

Posted: Thu Dec 14, 2006 2:27 pm Subject:

Guys, calm down. Please don't make this a personal confrontation. This forum is here to help everyone involved - being confrontational or challenging to another member (or guest) in a post is completely unproductive, and does nothing to help anyone.

Let's go back to the subject matter at hand. collection agencies accepting smaller amounts than agreed upon. Beauty has a good point - I have yet to see a collection agency, or any creditor (short of a mortgage company) who will send money back to a customer who sends it in good faith.

Guest · Posted: Fri Dec 15, 2006 7:19 am Subject:

I think this particular thread is completely out of control. As I read I don't even know what the heck the point is. Other than a "member" and a "non-member" seem to be at odds.

Posted: Fri Dec 15, 2006 9:27 am Subject:

Precisely my point. Hopefully this will end here and we can go back to discussing debt & credit, which is what this forums is dedicated to.

Posted: Fri Dec 15, 2006 10:45 am Subject:

It is true that debt collectors will accept partial payments and apply them to the balance. I called up one of the collection agencies I had a balance with and tried to negotiate a settlement or payment plan. They said no and that it would not be in there best interest to negotiate. They wanted full payment. Well, I sent them a letter a week later offering a payment plan with a partial payment of 10% included in the letter as a show of good faith. I also included in my letter that by cashing the money order they were accepting my offer and if they did return the payment to me, then I would have no problem showing a judge that I tried to pay the debt in good faith. So either way, I have them. They take the payment or if they don't, I consider the matter closed. Well I have not heard back from them but they were awful quick to cash my money order. So I take that as them accepting my offer as I stated in my letter.

Posted: Sun Dec 17, 2006 8:04 am Subject:

What would a sample letter like you sent look like? I'm sure that if I could send the companies after me a 10 or 20 a month payment that it would help, I just can't pay the really large amounts they want me to. Between my husband and I we make maybe 800 a pay period (every two weeks) so it's about 1600 a month and they want me to pay just about that much when I have m utilities and mortgage to pay as well.
Star

Posted: Wed Dec 20, 2006 11:06 am Subject:

Here is a copy of a sample letter I used. My circumstances are different from yours so you will need to put that in there. I just sent this letter to them with a partial payment and I strongly suggest you use a money order. Money orders are easy to track and see if they are cashed. I sent this letter to the collecion agency unsolicited. They probably contacted me by letter a long time ago but I haven't had any contact with them in a while. I am just at a point where I am ready to settl. I understand about being underemployed and making only so much a month. Just make sure you stick with what you can pay.
----------------Letter-----------------------

Guest · Posted: Wed Dec 20, 2006 12:26 pm Subject:

You're very smart & resourceful, outlaw! Thanks for sharing information & your experience with us. I guess we learned something after dealing with those bottom feeders. And I totally agree with you, we all made mistake and we try to resolve it in good faith but those people treat us like criminals and push us to the corner (and dead end to somebody)

Posted: Wed Dec 20, 2006 1:12 pm Subject:

You're welcome. And thanks for the compliment. I just believe in looking out for one another especially the little people that have a hard time or can't defend themselves.

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