If an acct on my

I wish to know who should i go to if i have an overdue account in collection and i can not pay in full if i can pay on a fixed monthly basis

Ines,
If the account is closed and still a negative entry,you should attempt to payoff original creditor.If they have already sold it,you will have to deal with whoever owns it.It will drop off report 7.5 years from date of first delinquency.

ana,
If your account is still owned by the original creditor,please contact them to work out a plan. If the debt has been sold to a collection agency,you will need to contact collection manager of that company.If a collection agency does own it or they are assigned to collect,please send this letter to collector certified return receipt so they can validate debt.This is simply to protect yourself. They will send you paperwork to prove you are owner of debt and that they have the legal right to collect it.

http://www.debtconsolidationcare.com/forums/about216.html

If the account is already in collections, paying the account will slightly improve the credit ratings because the negative item already tarnished your credit by close to 150 points. Be aware of the SOL of your state before making a payment. If it's already expired and close to the time when it's to be automatically removed from the credit report, one new payment will renew the SOL and in case, you somehow miss the payment again, the negative item will stay for longer.

If you challenge that with the reporting company chances are good that the creditor won't be able to substantiate it in the 30 day period. Then the reporting agency will remove it. Many collection agencies do not have the staff to go digging through old files or just can't be bothered as they have nothing to gain for their trouble. You can challenge everything a little at a time each month and raise your score considerably.