Legal Question in Credit and Debt Law in Minnesota
What happens when a collection agency won't accept your monthly payments?
Asked on 9/19/14, 10:31 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
THey may refuse partial payment and sue for complete damages in court, plus any fees provided for by contract, Interest, attorneys fees , court costs.
You might want to have an attorney settle with them . Do you have other debts outstanding which could be settled?
I do this on a flat fee basis for clients.Can usually get 50-70 % discount with most creditors, esp. if BKY is threatened.
Answered on 9/20/14, 3:24 am