Can a collection agency refuse to accept payment?

I am on disability and cannot afford either $700 downpayment and then $250 per month to repay. Have tried to negotiate and they will not budge. Are they allowed to refuse my payment arrangement of $200 per month until paid? I have to move in 8 months and will need a good apartment credit rating.

What do I do if a debt collector refuses to give me a receipt?

If a debt collector refuses to tell you what you owe, in writing, you can sue her in federal court. You can sue your creditor if she refuses to respond to billing inquiries, or doesn’t credit your account with your payment once she receives it.

Can a collection agency accept a lump sum payment?

On the other hand, most collectors don’t want to have to sue a consumer over a past due debt, so although they would prefer to have a debt paid in one lump sum, they can be receptive to a payment plan when a single payment is truly not an option. Again however, they won?t accept any plan that they consider unreasonable.

Do you have to accept a payment refusal letter?

You may, however, contact me in writing to inform me that you will accept my previous payment amount or that you intend to take other actions as outlined in the Fair Debt Collection Practice Act.

What happens if a collection agency refuses your settlement offer?

The agency can choose to refuse your settlement offer and instead request payment of the debt in full. Also, many states permit collection agencies to add interest and fees to the balance of the original debt, and you’re generally responsible for payment of this increased amount.

Is it legal for a debt collector to refuse payment?

Is a debt collector or creditor playing the payment refusal game, telling you they can’t accept anything less than…more than you can pay? Although there may be instances where doing that may violate your rights under fair debt and credit laws and other must know consumer statutes, it is usually legal to refuse partial payments.

On the other hand, most collectors don’t want to have to sue a consumer over a past due debt, so although they would prefer to have a debt paid in one lump sum, they can be receptive to a payment plan when a single payment is truly not an option. Again however, they won?t accept any plan that they consider unreasonable.

You may, however, contact me in writing to inform me that you will accept my previous payment amount or that you intend to take other actions as outlined in the Fair Debt Collection Practice Act.