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 Is it ok if I mail my credit card payment 1 day before it's due??
I was planning on mailing it today, but i totally forgot today was Veterens Day and there was no mail today.
Additional Details
OH GOOD! I'm pretty sure i have a 6 day grace period, ...


 What do you think debt collectors want to hear?
Do you think debt collectors want to hear something like this
"yes, I know about that debt I have and I'll pay you $400 right now, here is my account number and ..."

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 If you pay a credit card debt in full instead of accepting a settlement, is your credit score higher?
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 How do you use a credit card and avoid ANY additional fee?
Say for example, I get a credit card from Capitol One with a $500 credit limit. I purchase 1 item for $200 using my credit card. My account statement online shows Credit Balance- $300. minimum ...


 Do Electric Companies Report Delinquent Accounts to Credit Bureaus?
I was with Stream Energy and accumulated a $2000 electric bill last year after my husband lost his job. It's been sent to a collection agency and now they're calling me.

I am ...


 If i have terrible credit can i still get an apartment?
I HAVE NEVER HD AN APARTMENT BUT I HAVE BAD CREDIT AND I OWE ALOT OF PLACES MONEY BUT I NEED AN APRTMENT.....THANKS!...


 I need to get a loan for 6000...?
I have a less than perfect score due a divorce. I am a single father and just got released from active duty due to a medical injury I sustained in the war. I have run out of options and don’t know ...


 If a cash machine pays out to much money can the bank make me pay it back?
i used the cash point and got out £100 but it give me£200 so i done a balance and it only showed i took out a £100 so i used the cash point again and asked for £60 but it give me £130 so i got £...


 Cash, Check, or Debit card?
Which one do you use the most often?...


 What's the most effective way to clean up my credit /score?
Besides paying everything off, not charging too much etc. What else in the meantime that may be helpful???....Any tricks of the trade you have learned over the years on erasing things on reports, and/...


 Is there a significant benefit to paying off a "derogatory" account?
I have several credit card accounts that were charged off a few years back. Some are listed as "paid in full", some are listed as "paid - settled for less than full balance", and ...


 I had bad credit and now I paid my debts but I still have a low score. What can I do to improve my credit.?
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 Help with bad credit?
hi. i have horrible credit from past divorce , huge hospital bill from a emergency surgery with no insurance. ive heard of debt consolidating . can someone help with where to start. what is the best ...


 Where can I find a personal loan for people with bad credit? This is life or death and I need the help?
I don't have great credit but I work at a great paying job. I don't want to use payday loan sites because its a scam. I have been scammed so many times and I am now do to the wire. I need ...


 I would like to apply for acredit card, but I have very little credit history...what to do?
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 Is 634 a good credit score??
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 Wondering if my credit score is good enough for a motorcycle loan.?
After just checking my credit score according to equifax it is

680

I was wondering if that score was high enough to get a semi decent loan on a motorcycle. Oh and I'm 19
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 Is there anyway to Clear Inquiries from your Credit score?
I have attempted to get a loan for a used car and a couple of used car lots, I have my credit score and there are over 20 bank inquiries that show up and drop my score, Is there any way i can remove ...


 I applied to 2 comapnies yesterday for a loan what if both accept me?I only want 1 loan!?
Can i just say no to 1 company?...


 What does anyone think about online payday loans, need info?
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nathan
If debt is sold to a collections agency can I pay the original company or am i forced to pay collect/agency?
                     
 




try2help
If the debt it is sold to a collection agency, the collection agency owns the debt......period. That is ok, they will be open to settlements. Even if they take judgement, they will settle that too.

Most important thing. Make sure the state you are in - what are the garnishee laws, if any, Pa., Tx. for instance prohibit garnishees. Also statute of limitations, how long w/o a payment does a debt become not enforceable by law, good to know if you have disappeared off the radar screen for a long time, the creditors don't know where you work, live, or maintain any bank accounts. If Statute of lims is 5 years, and you have not paid, in 4 yrs and 6 months, if you don't make a payment in the next 6 months--statute of lims has expired you can never again be sued for the debt. Be careful, agencies will try to trick you - give you a good deal, hey buddy ok, no more interest, pay it off at 40 bucks a month. Bingo send in that 40 bucks, and you have started the whole 6 year statute of lims over again.
Many people who live in states w/low years, 3, or 4, might be better off, disappearing off the map, for a few years, at least they will not be able to be sued for debt. It can however stay on your cr bur report for 7 years.

Collection agencies are cool though, they will make a settlement at 35-50% of what you owe, as pmt in full-get it in writing first, that it is acceptable as payment in full- then remit-then get letter that the acct has been settled. Ask them if they will be contacting credit bureau, and reporting it, even if they own the debt, they are notorius for not reporting it. Else you will have to take the letter and remit it to the three major cr bureaus yourself. If they own the debt it is their responsibility, but they are so busy collecting, think they care about you, even if you made a successful settlement. Good side of settling w/collection agencies, they are also bad on another of their responsibilities regarding settlements. Reporting them to the I.R.S. settlements are taxable usually at around 15%, so if you settle and have to report it yourself to cr. bureaus and they don't send 1099, oh well.
Now wanna increase credit score w/settlement. The settlement is ok for your cr. score, will show 0 bal and you did work something out, but will show was delinquent at one time, only moderately helping your credit score. Offer (if you can afford it) to settle high, like at 75%-in exchange for a complete deletion. Remember they purchased debt cheap will be making money, lots of it even on settlement. Again get it in writing, settle remit, make sure they keep their word, and bingo, no record in 3 months that you ever had a delinquent account. You might need assistance of a counselor if you don't understand the concept, try nfcc.org national foundation for credit counseling. E books, www.answersfordebt.com but there are others credit repair companies usually provide a self repair book you can buy separately, w/o their service, or purchase limited service till you understand the concepts, and buy their book usually has forms for deletions, pretty heavy.
Avoid debt settlement companies aka debt consolidation companies asking for upfront companies. They are controversial and many states are beginning to outlaw them completely. Technicly debt consolidation refers to a loan, paying off all your debts, cool if you can get it, usually need collateral. And if you use your home as collateratal now you have turned unsecured debt (no collateral) to collatrelized debt (a 2nd mortgage) and there is a tendency to get right back in debt.
Never, never let the collection agencies know where you are working, what you own, best to utilize fdcpa law, says if you write them a letter contact me by mail only no phone calls, they have to comply, warn family members, and neighbors, yes they are allowed to call neighbors for location , or asset info if they comply w/law, to not talk to them. Else w/assistance or coming into some $ - make settlements, agencies like settlements, one pmt, maybe two and goodbye. If the settlement is in two pmts make sure specified as such in letter verifying that a certain amount is acceptable as pmt in full in two pmts- else boom- no settlement and started the statute of lims again. Education is the key and knowing the law the main thing, and don't let those settlement companies enroll you into programs that will bury you........better to stay under the radar than those programs though the nfcc will reccomend only a few of them. But why pay all those fees to do what you can do yourself.
good luck, not the end of the world.


Crazyjester9
You can try, but it is unlikely to happen. Once a creditor has sold an account to a collection agency they have basically washed their hands of the issue.


bdancer222
If the debt was sold to a collection agency, you have to deal with the collection agency.

Sometimes the original creditor does not sell the debt but hires the collection agency to collect. In that case, you can go to the original creditor.


Donna B
You can still pay the original company, what they will do is just forward it to the collection agency.


Jennifer
Rating
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlcut.com/1kvhf


julesoriginals
Rating
I still pay the original company - most won't care as long as they get the money. Some get weird about it but it should not be a problem.


kckid2
Rating
If it was sold to the collection agency, then you pay the collection agency... unless your debt prohibits assignment (which I highly doubt).

Just be certain it was indeed sold... otherwise, you could be paying the wrong one. Confirm the sale with the original lender.


john h
You should pay the collection agency, when debt6s are sold in this way they are usually sold at a loss, with the original company claiming the difference between what they are owed and what the collection company pay them. it is claimed against their tax position with the inland revenue.

In other words a total rip off the original company have the debt paid and another company claim the debt against what they have paid for it as well as claiming losses against their tax total rip off all round.

But back to your question pay the collection agency as it will show them you are willing to pay and are not avoiding your debt.


mister ed
yes you can pay either -- but i would just pay the collection agency!!!


jpda_alpha
I had cancelled my Sprint cellphone service and switched carriers. I didn't pay the bill to Sprint immediately and they sent the balance to collections. Prior to me receiving the collections notice I contacted Sprint to make payment arrangements with them. Sprint accepted the arrangements. Once I received the collection notice I contacted the collection agency explained that I had an arrangement already with Sprint to pay and was told that all I had to do to satisfy the collection status was contact the agency with my payment confirmation number after each payment.

Moral of my story is that it is possible to make arrangements to pay the original debt holder and not the collection agency as long as the agency is satified with the arrangement and receives proof of the payment. Just talk to both.


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