I have been arguing with the agency and just want to settle, I know that paid very little for my debt, and just want to know if it is true that if they refuse my offer for settlement that they have to accept what I paid on the debt
136232
If I understand the question, the answer is no.\n\nAre you asking if: you owe money. you offer to settle for less than is owed. if they say no, they have to live with only what you have already paid?\n\nIf so, of course not.\n\nAs long as really really owe the money (or if it has been legally determined that you do) the collection company can settle, or it can do what it can to collect the whole amount from you.  Collection agencies often agree to accept less than they have a right to (say, to forgive interest, or cut the amount a little) because it is cheaper than going through the effort of collecting.  But they don't have to.
306321
You pose 2 separate questions.\n1 - Did you really underpay?  We cant answer that on this board because we do not know the facts.\n2 - Assuming you did underpay, they can force you to pay it but will probably write it off or discount it for that small sum.
452391
afraid not..\nif you owe and someone (agency) has filed claim...
392315
They will win by the default and most likely they will try to collect using collection agency. If the sum is small they will report it to the credit bureau. Normally they will not go after your wages do not tell them where you work, But it is sometime better to settle, offer them some money and see what happens.
457668
I don't think that you can get monies that are reserved for "future treatment". You made a very poor decision to accept the settlement being that the amount wasn't sufficient to cover your debts.\n   You can contact the lawyer that has the paperwork relating to this deal, and see what your options are.
356566
I am really surprised at the wrong information that was given to you here. It is not true that paying off the account will allow it to be removed from the credit report any faster than if it is settled. The opposite is actually true in many cases. Negative information is kept on the credit report for seven years from the start of the last delinquency. If you catch up at one point and then get behind again, this will start the clock over. If you settle the debt, then there is no restarting of the clock.\n\nIt is also not true that a settlement will necessarily keep you from getting credit for years. Most loans are based strictly on your credit score. There is no appreciable difference in the credit score of someone who paid off a debt in full and someone who settles the debt as long as they happen at the same time. Much more important is how long ago the delinquency was. If you have to wait to pay it off, it will have far more impact on your credit score.\n\nThe money that you save by settling the account can be used to help you financially now and to help you rebuild your credit. Further, you can negotiate how the company reports the debt to the credit bureau in your settlement offer. You can have them just report a zero balance and not report that it was even settled. I have done this for many clients.
147553
The IRS will settle with you.  I would ask them for a settlement amount to get a jumping off point and then if it's too much, counteroffer.  If they don't accept, then let them know you plan on hiring an attorney but would rather give the money to them.  If they still don't come down, hire an attorney that takes payments.
279321
Worry not my friend you aren't responsible for it.  Legally "they" can't put debts on your unless your signature is present.\n\nRival
436977
Lets start with discussing what a junk buyer does.  They gamble.  They are betting that for $100 they can collect $5000 from you.  Not bad for a Vegas bet.  So why would you expect them to accept $100?  That's an even money bet for them and they will obviously refuse it.\n\nIf you have any intention of negotiating a settlement, you better aim at 50% and go up from there.\n\nNow about the lawsuit.  Be aware that if you actually owe them this money, and you do sue them, they will definately countersue you.  Why not?  They have you in court and will probably win.  The best you can hope for is to win your lawsuit, win $1000, and apply that to their debt.  Sorry, facts are facts.\n\nEven worse, a smart lawyer may counter-sue you because of a frivilous lawsuit.  Be sure you have a good basis for a lawsuit before you start playing games with them.\n\n\nSo how do you file?  You need the following:\n\n1) A certified dispute letter to the credit repair agency.\n\n2) A certified letter to the creditor/collection agency demanding validation of the debt.\n\n3) A second certified letter with your intent to file a lawsuit if they do not validate the debt.\n\nIf you have this, you can now prove that they failed to follow the Fair Debt Collections Act and you can proceed with a lawsuit.  See the link below for some guidance.  But you need to search for your states court rules regarding small claims court. \n\nMany states have brochures and forms available on-line.  You must follow the filing rules exactly.
408897
Answers like timdaniels' really bug me.  Quit advertising your company and just answer his question!  \n\nPersonally I do NOT believe debt settlement only "recognized" alternative, and it can actually hurt your credit score.  \n\nI've posted a link that explains the new laws.  If it still looks like the answer for you, talk to an attorney.  Many will give you a free consultation and explain how it will effect you.
402062
citizens advice (debt advisor) they make the creditors an offer of £1. keep making the payments and after a few months the debts are more than likely squashed, providing u keep up to date on payments
584948
If you are disputing the debt, contact the credit reporting agency and file a dispute. The creditor will have to validate the dept, or it must be removed from your report!
361719
Settlement is a viable option. There is a chance that you may need to pay taxes on the forgiven amount, but depending on the amount you owe that should be a tollerable amount.  More importantly than anything else, when you come to a settlement amount you can handle you need to send a letter to them stating the terms that you want on the settlement (dont settle for more that 50%)   Here is what you should include in your settlement letter:\n\nSETTLEMENT CONDITIONS:\n1. Account will show paid in full with no future monies owed associated with the account number listed.\n2. Any litigation filed against  is dropped and no future litigation in any state will be filed against debtor associated with this account.\n3. DELETE ALL negative listings pertaining to this account with all three bureaus below:\nEQUIFAX Credit Information Services\nTRANS UNION Corporation\nEXPERIAN (Formerly TRW)\n\nUpon a receipt of a signed acceptance of this letter from you, regarding the settlement amount and settlement conditions, I will disburse a Cashiers Check, Electronic Payment or Other agreeable form of payment to your firm in the amount of ($$$$ SETLEMENT AMOUNT) for settlement of the debt in full associated with the account number listed above. Please include specific instructions on payment method and payee information.\n\nIn addition you agree to forward a copy of the settlement letter to all three credit bureaus and any other credit bureaus that we deal with for deletion of negative listings, which is listed above in settlement conditions, and additionally agree to remit a copy of the settlement letter to me.
203902
The court does not collect judgments, that is up to the person who was awarded a judgment.\n\nThe court is finished with the matter.\n\nYour opponent is in the same category as all other debt collectors, and if you have nothing he can attach, he better be glad that you are willing to make payments, regardless how small, or how often.
342302
Technically, yes they can sue you for not making the proper payment. If you are at least making payments, the chances of them actually suing you are slim to nil.They will however continue to contact you trying to get the full payment. What I would recommend is for you to contact an account rep, explain your situation and see what they can do to help. When you just send a lower payment in instead of the full amount, they will charge penalties and interest, but if you speak with them and make other arrangements, in most cases they can and will lower the interest and also remove the extra fees. As long as you are willing to make the payments, they are willing to help.
535601
They have to sue you first before they can "take" anything from you.  If they do sue and win, then it's up to the courts.  But any kind of threat or statement in saying what you are doing is illegal by not paying is a violation of the Fair Debt Collection Practices Act.  Read that act front to back.  It's dry reading but quite eye opening.
607389
I had a judgement filed against me. I paid the debt. I am now in the process of debt recovery. I did find out that when they file a judgement, you can call the lawyer in charge of the action and talk to them about debt repayment. The interest didn't mount up either after the judgement was filed. The only draw back is that they keep it on file for the next 6 years after the debt is satisfied