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Home / Debt / Will Debt Collectors Accept Payments?


In most cases, yes, debt collectors will accept payments. Often, a debt collector is more willing to accept your installments than the original creditor. The key is to contact the collection agency early and have a firm payment plan in mind.

Why So Eager?

Why are debt collectors willing to accept your payments? Simple…profit. If you do not make payments, the debt collector has up to seven years from the original date of default to file court action to garnish your wages for the debt. While that seems like an easy out for them, it is costly; accepting your payments is free.

What To Know Before Offering Payments

The first thing to know before you offer payments to a collection agency is whether you owe the debt or not. There are hundreds of debt collection scams being run every day, so always ask for proof of a debt before offering to pay it. Additionally, some debts must be collected within a certain time-frame or they become un-collectable. You can find more information about time-barred debts on this page of the Federal Trade Commission’s website:

Assuming that you owe the debt, you need to plan carefully before offering payment arrangements. You need to look over your budget closely. The key is to make payments that are not going to stretch your paycheck to the point that you start missing payments elsewhere or have to stop paying the debt collector. Also, keep in mind that you deserve some fun time on occasion, so build that into your budget considerations.

You will need to keep all written correspondence from the debt collector and try to record all telephone conversations. Prior to sending your first payment, be sure to verify that your payments will stop the agency from proceeding with further collection actions and court filings.

Many debt collectors will accept payments on your terms if you are firm. They may ask for more money per payment or more frequent payments, but, if you are firm, and have a plan of action in mind, they usually move on and ask how you intend to send the payments. As long as you make the payments as arranged, you should not hear from them again.


About the author: Jerry Coffey


Jerry Coffey spent many years in a debt-riddled gray area somewhere between broke and desperately broke. His seemingly endless need for more and more cash led him to payday loans, repossessions, bankruptcy, and depression. After years of the same financial style, he heard a piece of advice that inspired him to find a way to change. The advice: ''The very definition of a fool is someone who continues to do the same things, but expects different results.'' This led him to a much more frugal lifestyle that sees all of his bills paid on time and a growing savings account. Even the seed of a retirement account has begun to sprout.


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