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After a collection account has been paid can they still come

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Post Posted: Wed Jun 25, 2008 5:35 pm    Post subject: After a collection account has been paid can they still come
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Can a collection agency come afer you again after they have a agreed a collection account has been paid in full if it was a negociated amount
Icon Mini Profile jbarto65





Joined: 04 Nov 2007

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Post Posted: Wed Jun 25, 2008 10:25 pm    Post subject:
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Not they can not, make sure you get a paid in full letter from them that shows that you have indeed paid the account and that they accept this amount as full payment. This will be your only protection from some one trying to collect this debt again.

goodluck, keep us updated..
Icon Mini Profile larry





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Post Posted: Thu Jun 26, 2008 3:24 am    Post subject:
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Hi Guest.

Welcome to the forum.

Jbarto has rightly informed that if you have paid in full the due debt to the collection agency then they cannot come after you again to collect that money. If you think you have paid off the money then you should send a written request to validate your debt.

Hope this helps. Feel free to ask if you have any further questions.

Best of luck,
Larry
Icon Mini Profile jdlegall
jdlegall




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Post Posted: Sun Oct 05, 2008 5:48 pm    Post subject:
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Sorry, but yes if you did not get the agreement in writing from the creditor on their letterhead before payment. A settlement offer letter.

If you made a verbal agreement, the creditor can say anything they want about "settlement in full" and then come after you for the balance by saying there was no written agreement. If you have no letter showing that the payment you made was for this account as a "settlement in full" then you have no proof.

Even if you wrote a check with endorcement restrictions, if the person cashing the check did not agree they could always cross it off and make that agreement null and void while still cashing your check.

Always get ALL your agreements in writing on letterhead, making sure your account number and other information is correct, for something that involves the money in your pocket.

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Icon Mini Profile jasonleacock12





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Post Posted: Fri Oct 17, 2008 6:11 am    Post subject:
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They should not ask you again but if you don't have it in writing you can't do much about it, as you don't have any proof about it. Take the matter seriously because it may have negetive impact on your scores. Then you have to go through a long credit repair process if you want to enjoy financial freedom.

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