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how to make payments to collection agencies

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Ok so I owe the colleciton agency for the overdrawn bank account. So I have a couple of questions. They are advising me I need to pay 273.00 a month for 6 months...I am not sure I can come up with the entire amount each month. I think I'm more comfortable with about 200.00 if I can squeeze out 273, then great but I can't comit to that. So do I send what I can afford each month? Do I send money orders or cashier checks??

Also if they sue me, do they send the summons to your work place via a cop or does it just come by mail? I serioulsy don't want to be served at work>>>Any advise would be appreciated, Reny...




Have you validated this debt Reny? I wouldn't pay ANYthing until they validate this debt. I wonder if you send them a proposal offer for payments and maybe offer a much lower payment than you can afford, then perhaps if they counter offer your payment will be what you can afford??? I honestly have no clue if that idea is even possible so don't take my word on it, perhaps someone else can give you good advice on how to deal with this. Also, make sure you get this agreement in writing or I would tell them NO DEAL. If it isn't in writing then I think they can sue you, if it is in writing I don't think they can sue you as long as you are making the payments on time. Definitely send money orders, you don't want them getting a hold of your checking account number. I was just tossing around some ideas about payment offers but I'm really not sure about that. :?

Sub: #1 posted on Sun, 08/17/2008 - 19:28

Shazzers Shazzers
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working on the debt validation as we speak...Although we know its ours and Huntington told me they sent it to this particular agency. Do you know if they sue how I'm notified?

Sub: #2 posted on Sun, 08/17/2008 - 19:30

lmale lmale

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Imale,

Even though a collection agency has your debt, alot of times the bank will still let you come into a branch a make the payments on the overdrawn account. I had an overdrawn account before with a bank, and they closed it and sent it to a collection agency. I called the bank and they were still able to locate my account even though it was charged off. They let me come into the branch and make the payments. If you don't mind me asking, what bank are you dealing with?

Sub: #3 posted on Sun, 08/17/2008 - 19:31

m.lm1947 m.lm1947

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Its Huntington, I called this past week and they told me I had to contact the collection agency...

Sub: #4 posted on Sun, 08/17/2008 - 19:33

lmale lmale

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Reny you will most likely receive a summons at your home address, in the state of Ohio they are required to send it certified return receipt the first time, if it's unclaimed they are permitted to send it USPS the second time.

Sub: #5 posted on Sun, 08/17/2008 - 19:47

Shazzers Shazzers
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Oh, ok so they don't summons you are work then?

Sub: #6 posted on Sun, 08/17/2008 - 19:53

lmale lmale

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Is the entire amount that is owed $273 x 6 = $1638 or did you settle to that amount? If you settled and agreed on payments then you would want to follow that or else it might void the agreement. If you are paying on the full amount due and sending in $200 or more per month then I think it is probably unlikely that they would sue even though they might threaten it and even if it is slightly less than what they are requesting.

Sub: #7 posted on Mon, 08/18/2008 - 08:14

DOLLARSandSINCE DOLLARSandSINCE
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nope that is the full amount, they offered a settlement, but I would have to pay it by Sept 18th, which I can't come up with it by then. I wish I could they offered to settle for about 1100.

Sub: #8 posted on Mon, 08/18/2008 - 08:21

lmale lmale

(Posts: 741 | Credits: 98.46)

Although it is not impossible I just don't see them suing over $1638 especially if you are making close to the amount of payment they asked for. You might consider trying to get an agreement to pay in 9 months instead of 6 months. It would probably take 3 months at least to take you to court and act on a judgment. They might get more per month at that point if they can garnish your wages but after taking into account their lost time they would end up getting the same deal overall so what is the point meaning they will be paid off in roughly 5-9 months regardless of which path they choose unless you quit paying completely.

Sub: #9 posted on Mon, 08/18/2008 - 08:46

DOLLARSandSINCE DOLLARSandSINCE
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A court summons will not come to your work. Shazzers is correct on how a summons is issued.

Sub: #10 posted on Wed, 08/20/2008 - 12:06

Ryan_N Ryan_N

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