Legal Advice


I have a medical debt that has been sold to a collections agency. Can I offer them half as a payoff? related questions

  • 1I have a medical debt that has been sold to a collections agency. Can I offer them half as a payoff?

    Someone told me the agencies normally buy these accounts for a fraction of the amount due, then collect what they can, sometimes accepting half as a payoff amount. If I had had the money, I would have paid it off originally, but right now I'm not even making it paycheck to paycheck and the collections agency will not set up monthly automatic withdrawals or anything other than the full amount. Any suggestions? I'm not debating I owe the money, just can not pay it at this time.

  • 2I have a medical debt that is in Collections.... How much should i offer to pay to setttle the debt?

    I owe 1,300. I have never paid one cent or attempted to make a payment plan. This debt is over 7 yrs old,....Does anyone have any advise on what i should do?

  • 3Collections agency collecting debt for company that no longer exists.?

    My wife had a debt with a hospital that has closed and filed Chapter 11 bankruptcy . We have a collection agency trying to collect a debt from this bill . There is a phone number that appears on your credit report and the PO Box provided is not valid and the account continues to rise with interest . We have never received anything from this agency in the mail . We filed a dispute with Experian and returned as refused , but does not include any details . I will try to call the agency tomorrow from the number on the BBB site for information , because I do not think this was originally sent to insurance, causing a high bill . What steps do you take to resolve this?

  • 4In a Chapter 13 bankruptcy repayment "plan", can the debtor offer a payoff LESS than the actual amount owed?

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  • 5If a delinquent account is SOLD into collections after seven years, can it be sent to credit bureaus legally?

  • 6Which way would u do this ...refi/cashout/payoff? debt?

    Pre - inherit . I Make $ 160 less in income than I need to pay the bills . All invoices are bieng paid in full , except cc debt / lineofcreditdebt . CC / line are paid minimum right now. The debt is $ 28k or less . My annual income is $ 26k Approximtely . New entrants to the inheritance will be 6% of the inheritance of $ 2,157 - $ 2,355 per month for the next 21 years max . Also I have $ 19k in IRA ( roth part traditional part ) . Party could be pulled Rule 72T to save it. If u knew the rent would be as above .. would u collect discarded IRA ( penalty or wo w ) . If you do , I always start again d .. Can immediately reconstruct

  • 7How should I pay off over $25,000 in medical collections and repair my horribly damaged credit?

    I had surgery back in 2005. I didn't have insurance, so I applied for COBRA. When I asked when the policy would be active, the person taking my information told me she would backdate it to the beginning of THAT day. So, I went to my dr that day and he told me that I needed an ultrasound. The next day, after the ultrasound, I was told I needed to have surgery. A week later, I had the surgery. A month after the surgery, the insurance I got through COBRA sent me a letter telling me that my actual start date on the policy was the day AFTER I called, so they considered my problem to be a pre-existing condition and wouldn't cover the surgery. All the dr's bills went to collections where they have been sitting and ruining my credit. Is there anything I can do 2 yrs after the fact? Is there a way to fight the ins company? What's the best way to pay them off? I need to repair my credit as I am now looking for a house. I just want to get out of this mess I have put myself in.

  • 8What is the best way to payoff or settle my $80,000 credit card debts and bank debt?

    Two months ago the most of all my credit cards and opened an unsecured personal loan because he needed money for a family emergency . Now I have about $ 80,000 of debts of credit card companies and banks ( all unsecured ) . After a month , I could not afford to make the payments. For my situation , I do not think I am able to pay all the debt . What are my options now ? When the credit card company sue me ? Can they garnish my wages ? If the transfer of the debt collection company , how much I can negotiate a lump sum ? Do I have to pay myself or go to the debt consolidation company ? How many years does bad record would stay on my credit report ? I live in California . I'm working full time with $ 50,000 annual salary . The only property I have is a car free and clear (2007) . I might be able to borrower $ 20,000 of my girlfriend if a single payment is offered. Please answer as much as possible . Your help is greatly appreciated . I sincerely thank you.

  • 9Ins. com. sent offer letter for accident. ref. past medical-how can it be obtained with no written/verbal auth

  • 10How do I find out all of my debt, in collections and past due?

    I'm going thru a divorce &learning of thousands of dollars in collection &more that are delinquent &on there way to a collection. Yesterday I learned of a credit card company that will settle for a % of the debt. I contacted this company &informed them that I have never applied for a credit card in my life. They had all of the personal info on me needed to apply for a credit card. I have a feeling that my soon to be ex applied for &received a card in my name. They informed me to go to the police dept. &fill out a fraud/identity theft form. Is this the correct action to take? I had trusted that my ex was taking care of our finances but apparently she wasn't. I will probably have to file bankruptcy. Should I do this after our divorce is final and the debts are divided or file together with my ex, before the divorce is final? I obviously want to know ALL of my debt that is out there. How do I go about finding this out? SOMEONE PLEASE HELP ME!!!!!!!!!!!!!!!!!!

  • 11Credit card debt, collections?

    My husband and I built a house and end up going for our allowance 80,000. We're not sure what to do . I can only pay 600 a month to the creditors . How I can get the finance charges stop. I have 14 cards . We thought about selling our house as a last resort. We do not want to declare bankruptcy . Please any advice would be appreciated ! 600 a month is not enough to pay even the minimum .

  • 12If I know I cannot pay off my collections debt in 3 years, is it worth it to pay anything at all?

    I have a few smaller collections debts ($100-$600) from various companies. I had planned on paying them all off next week in one big swoop. However, recently a college debt has left the college and been sold to a collection agency. Now that it is owned by the collection agency, it is due in full instead of payments, and on my credit report it will show a "Non-Payment" $17,000 debt. So the question is, if I know I cannot pay $17,000 dollars in 3 years, should I even pay any of them. In 3 years they will fall off my credit report, and if I pay them early, I will still have a huge $17,000 debt. Can I have something on my credit report saying I am making On TIme payments to a collections agency? Or is it paid in full or nothing? P.S.- I understand that it is my debt and I need to pay it, while I appreciate the moral advice, I do not need for someone to tell me it again. If you do not have advice on the question I have, please refrain from demeaning, negative, or otherwise unhelpful comments about how I should pay my debts. Thank you. (I'm not trying to be rude, but I see people attack others on here instead of answering their questions.)