Payment plans

Hi,

Well, you haven't mentioned the debt amount that you owe your creditors or lenders. However, you can contact a local debt relief company in order to consolidate your debts. The minimum payment that they will ask you to make will solely depend on the amount that you owe, your monthly income and your affordability.

I suppose you are talking about collection agency. Yes, the collection agencies can refuse to accept payments by mail. The minimum amount will depend on your debt amount including the interests ad fees. You'll have to contact the concerned collection agency regarding this issue.

Hi Len Jade,

Can you please be more specific on the type of debt and the agency you are talking about? We need more details to help you in this problem of yours.

As for the minimum amount that you want to pay, you will have to directly talk to the company or the agency you are talking about. Other than this, you will have to decide as to within what time you would like to become debt free and how much you can afford to pay. Then only will you be able to decide on the payment amount.

Thanks,

Marvel Becks

There is absolutely nothing in the law that allows a collection agency to refuse a payment by mail. They may prefer payments by a faster method, but to refuse a payment by mail would not stand up well in court.

As for the minimum payment amount, only the CA can set that.