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Petpassion22

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how do I pay on an open collections account

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When you have an open collection of your credit report, under the accounts sections, you should see the name of the creditor along with contact information, which is routinely a telephone number.   Using this information, contact the creditor to negotiate your settlement with them.   If your timing is poor and they already sold the account to someone else, they will provide you with this information.   Creditors routinely sell accounts to other companies in attempts to recoop their losses.  No reputable creditor will accept payment if they do not currently own the debt.  Research here on Credit Karma on collections settlements and consider asking for something called Pay to Delete.

Top Contributor
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"Pay On", I do not like the way you worded that, it sounds like you are going to attempt to set up a payment plan, I advise against doing that. You are better to be ready with a lump sum and try to get a "pay for delete agreement". Do some reading on those and also read about "statute of limitations to be sued for debt", "seven year fall offs" "FDCPA (fair debt collection practices act)" and pretty much anything that you can find on dealing with collection accounts. I advise that you DO NOT contact the debt collector until you have done some thorough reading on all of these things and have a good understanding of what you need to do. You CAN reset the timeframe to be sued if you enter a payment arrangement.

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