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All contact with Collection agencies

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Should be in Writting ONLY.  Calling on the phone will get you no where.The people who answer the phones have only 1 directive, Get as much money as soon as possible.  They will tell you anything to get a payment (comissions) but have no authority to actually negotiate a settlement or compromise. 

Address letters to the Collection agengy ATTN: Collections Manager. Follow the the templates for the letters you write. all can be found on line. Thats important because there are legal requirements that they have to follow if the letter is properly written.  

Realize too,  Once you contact a Collection agency, It will re-set the "collections clock"  all accounts will stay on your credit report for 7 years "From the date of last contact"   so if an account is old, you may not want to contact them unless you are ready to clear the account right away. 

Google:  Validation Letters (sent to the Credit Bureaus to verify accounts),  Offer and compromise letters,  Pay to delete letters,  All these can help your with your situation if used properly. 

Good luck

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Do some reading on this first. You should not contact a debt collector until you have an understanding of how all of this stuff works. First, how old is the account? When is it due to fall off of your reports? (most negative accounts are removed in seven years). Are you even still legally liable for the debt? (has the "statute of limitations" expired in your state to be sued for the debt?). Do you know that by making payment arrangements with a debt collector and then failing to follow through with the agreement can possibly get you legally back on the hook for the debt if the "statute of limitations" was expired. Do you know that making payments to a debt collector will usually NOT help your credit in any way? Have you read about "pay for delete agreements" and have an understanding that to benefit yourself the most that you want the account removed and not just marked as paid. Have you read the FDCPA to make sure that the debt collector is not violating the law in any way? Are you familiar with the credit basics in addition to how to deal with negative accounts on your credit reports?


My advice is to take your time and do some extensive reading before proceeding any further at this time, if you have questions along the way, feel free to ask.

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