Nasty Debt Collectors - even though I want to pay!

[boswd]

I could be wrong but I think they are being so difficult because it may have some problems for the person (debt collector) who is in charge of your file in terms of what his commision or bonus is.
IF that is the case, it would only further my agrument that debt collecting would be a much easier process for all parties involved if they just paid they're collectors more money per hour and do away with commissions.

 

[TigerD]

I could be wrong but I think they are being so difficult because it may have some problems for the person (debt collector) who is in charge of your file in terms of what his commision or bonus is.
IF that is the case, it would only further my agrument that debt collecting would be a much easier process for all parties involved if they just paid they're collectors more money per hour and do away with commissions.

I don't think they are being difficult. It sounds like there were two trainees that should not have been on the floor yet and a relative new collector that didn't know how to handle objections.

It's like this:
1. The OP has talked the OC and gotten a breakdown of the account.
2. He hasn't posted whether or not this has hit his credit yet.
3. The amount due is so small a settlement is just dumb - due to the negative credit aspects.
4. The longer it is dragged out, the more risk to the OPs personal credit.
5. The IRS requires 1099s be issued when $599 or more is forgiven in a settlement. It isn't an option like Kanman suggested; it is the law.

It doesn't matter how you pay the bill. Check, credit card, money order, Western Union or Moneygram. There will be a record of your payment. It is unfortunate that a professional debtor like Kanman has made you so afraid of paying your bill. My advice remains: just pay it and be done with it.

DC

 

[TigerD]

Also, that is why I asked, who was it you are dealing with. If you are dealing with a DC that is at the bottom of the DC hierarchy, total third-party scum, then they may not have the power to change your credit agency reports or actually report the debt as satisfied.

Once again you prove your ignorance. If they reported the debt to the credit bureau, they absolutely have an obligation to report it as paid when it is paid.

 

[Kanman]

Once again you prove your ignorance. If they reported the debt to the credit bureau, they absolutely have an obligation to report it as paid when it is paid.

Poor insignificant Debt Collector...you must be the loneliest wretch alive.

If you had actually read through the thread, this is what the OP said..

the reason why i dont want to pay the lower amount is because it might bite me back in terms of being reported in the credit report, etc.

One can assume from his "Might bite me", that he does not know if they have reported anything yet, which is why he needs to;
1.checks on that.
2. check out the DC to see if he actually has the power to do so. You might want to consider sending a validation letter here...just another option. It will prove if they were "assigned" or "sold" the debt, it matters. Lots to consider in the debt game unfortunately.

 

[Zigner]

Poor insignificant Debt Collector...you must be the loneliest wretch alive.

If you had actually read through the thread, this is what the OP said..


One can assume from his "Might bite me", that he does not know if they have reported anything yet, which is why he needs to;
1.checks on that.
2. check out the DC to see if he actually has the power to do so. You might want to consider sending a validation letter here...just another option. It will prove if they were "assigned" or "sold" the debt, it matters. Lots to consider in the debt game unfortunately.

The key words in Kanman's post (that show where he's coming from) are "debt game". To Kanman, paying one's debts is a game, as opposed to a legal obligation. His "game" is to avoid paying what he owes, and then be proud of it.
Kanman may not be a "professional debtor", but he's sure ranks high on the amateur circuit!

OP - you need to pay what you owe. If you pay it in full, it will show as a delinquent account that has been paid. That is far better than showing an account that has settled, which is still better than showing a judgment. Even if it hasn't been reported to any bureaus yet, it still can be.

 

[moburkes]

Kanman: You have given, in several posts, incorrect advice. You have also, against the terms and conditions of this site, rsorted to name-calling, which *I* will not tolerate. If you'd like to stay a member for any length of time beyond today, I suggest that you stop. Or, you can expect to have your posts removed, and then your membership banned. Its completely up to you how you act/react going forward.

Why a person who has the job to collect from people who cannot or refuse to pay their debts in a timely manner has to be called out of his name, I'm not sure. However, it won't be tolerated here. You also do not post links to other websites, unless it has been cleared. That will also get you removed.

Again, its your choice.

OP, I suggest, based on your paranoia about your personal information, that you get a money order or cashier's check, and make the payment through the mail. I suggest that you do not accept the settlement offer.

Good luck. I hope that you sue the signer to recover your money.

 

[boswd]

Another thing I don't understand about all this is , Did you not get a bill/letter from the Collection Agency in the begining? As with all of the letter/bills there is always a section to remit with payment ( make check or money order out to ____ or a place to put your credit card information )
Now if they had sent you one and you are paying it off in Full, then obiviously there is no negiotiating to be had, just put it in the self addressed envolope they provided and mail it in certified?
Did you not get one?