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Debt Consolidation Forums Collection agencies and creditors

Payment Plans



Jay Dodd

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Credits: 192.8
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Sub: Payment Plans
Sat, 16/01/2010 16:19

Hey all,

I know that most debt settlements made with a collection agency involve a lump sum -- like $2000 to settle a $4000 debt.

Is it possible to negotiate a settlement AND payment plan with an agency? In other words, $2000 for a $4000 debt paid over 12 months at $167/month?



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AnyaR
AnyaR
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Sub: #1 Absolutely but it may take some real negotiating on your point. Sat, 01/16/2010 - 17:15



Absolutely but it may take some real negotiating on your point. Remember, the whole reason the account is with a collection agency is because you failed to make the payments you agreed to make with the original creditor so you can understand what collectors don't see this as a great option for them.
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