Latest Posts
Home > Ask The Get Out of Debt Experts > The Collection Agency Will Not Give Me an Estimate I Am Able to Do. – Sara

The Collection Agency Will Not Give Me an Estimate I Am Able to Do. – Sara

Sara

“Dear Steve,

I have 1 credit card that has been in collections for a while now. I would like to pay it off but the collections agency will not give me a an estimate I am able to do.

Is there any way of getting help in lowering the total amount I need to pay?

Sara”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Dear Sara,

I am assuming that when you say “an estimate I am able to do”, what you are referring to is a payment you can afford.

There is nothing that prevents a creditor or collection company from asking for whatever they want to, even if you can’t afford it. Creditors and debt collectors do it all the time.

The only legal power you have control over to make them pay what you can reasonably afford is to go bankrupt. But before you do anything as drastic as that you should click here for debt management plan information. A debt management plan may be able to intervene on your behalf and get a lower payment. If the debt management company is unable to lower your payment then I think a large part of the decision has been made for you. At that point you can either face the court when you are sued and explain your situation or you can talk to a bankruptcy attorney and see what your options are.

Big Hug!

The Collection Agency Will Not Give Me an Estimate I Am Able to Do.   Sara
Get Out of Debt Guy – Twitter, G+, Facebook

The Collection Agency Will Not Give Me an Estimate I Am Able to Do. - Sara by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.