A Collection Agency Is Asking Me to Send Them a Letter!!?

never offer anything in writing. they will try to use it against you

1. I am in total debt! I have a collection agency hounding me and I need to know what my best solutions are!!?

There are many great programs out there to help you get out of debt. Try going to the site below which does reviews of the best ones and choose the best one for your situation

2. Before paying a Collection Agency, how do I get them to put the offer in writing?

Simple. Insist on a written settlement agreement. You could write out the terms and send it to them certified mail, return receipt. At the bottom of the letter, put statement saying "as authorized agent for X collection agency, I agree to the above terms" with a line for signature and another line below for the persons printed name. Never pay a collection agency unless you have the terms in writing. And do not give them access to your bank account -- no matter what they claim. If the person you are talking to says they can not put the offer in writing, ask for a supervisor.

3. Who is held responsible for inaccurate item on credit report? The original creditor or collection agency?

The entire credit system is built on the individual having sole responsibility for the entries on their report. It is for this reason you should check your report and check it often. In this case it sounds like you need to do a couple of quick things. First, send a certified letter to the collection agency that placed the negative item on your credit report asking them to remove the item as incorrect. Get it certified so you can prove that they received it. If you have not heard back from them in 45 days, submit a challenge to the item with the credit bureau and use the letter you sent the collection agency as evidence of your attempt to rectify the situation. Nine times out of ten challenging something that is on your report incorrectly with the credit bureau directly will yield the result you are looking for. Collection agencies are really bad at reporting things to the credit bureau that is positive (or removing something negative) but they are great at adding negative things to your report. A certified letter will let them know you are serious about getting it rectified. Good luck!

4. How do i pay a Traffic Ticket that was passed to a collection agency?

Call them and tell them you aint payin ****. They will call you back and work with you. Trust me.

5. I have reached a deal with a debt collection agency but they will not put the agreement in writing.?

persist jointly with your weapons. Get a written settlement first and do not supply them get admission to on your financial business enterprise account. purely pay by applying money order. I propose you deliver them a letter offering to pay for delete -- you pay $x and that they delete the item out of your credit record. especially say which you at the instant are not acknowledging the debt yet making the furnish to expedite removing out of your credit record. Ask that an authorized agent of the sequence organization sign and return a replica of your letter indicating acceptance of your furnish. once you get the signed replica, deliver them a money order. I propose you furnish no greater beneficial than $200 (you need to attend till ultimately you have the money reachable till now sending the letter). it truly is advisable to start up a splash decrease and enable them to make a counter furnish. in the event that they do not settle for, your settlement, wait some months and deliver yet another pay for delete purely drop the charge off to a million/2 of your previous furnish. Oh by applying the way, the final week of the month is a truly good time to get settlement gives you popular. some creditors artwork on quotas or fee.

6. Fair amount to offer collection agency as lump sum payment?

You can settle for 50% and they will still make a bunch of money. Be firm about the 50%. Stop paying. If they refuse-- fine. Eventually, they will settle. It's really a waiting game