sylvio,

the reason for this happening sylvio is because by the time your debt reaches collections, your payment options have gone down to none.

collection agencies are hired by clients (creditors) to collect their bad debts. they want the agencies to collect the debt in full and they want a financial done for monthly payers. they want to know that the "monthly payer" can't afford more then that monthly payment thus the financial.

when a debt goes delinquent into collections, time to make monthly payments are done. that's just the way it is. it's payment due in full today.

I suggest you do the financial then perhaps they can work with you with the OK from the client and have you make monthly payments.

The main idea is to get it all in writing if you are able to settle. That way they have no recourse in the future.

On second thought Cheapandeasy's idea is brilliant. go for that! good luck and have fun!

Sylvio;
If the debt has gone to third party already, your credit is kinda bad, but don't despair, as 'credit' is a term made by the 'man' to keep us under false control. LMAO
Anyways, the cheapest thing to do is tell them that you wont pay them because you need your money for things to survive off of.

Start saving $100 here, $50 there, as much as you can.

When they keep calling, tell them all about your dead cat, and how all the pens in your house dont work, how your underwear has holes in it, etc, etc.
Be as sickenly sweet as possible to them, and insert a good cry in every conversation.
Wait and wait and wait. Eventually they will offer you a deal. It will usually be 20% off. Laugh at their offer and wait some more.
Continue saving.
When their offer reaches around 40-50%, calll them and tell them all about how your mom's aunt's sister's cousin got colitis and had to hire a family member for fear of using the public system.... (etc etc)
When you feel they may hang up, tell them you have $550 that you can give them now.
When they accept so they never have to talk to you again, make sure you get it in writing BEFORE you pay.
Pay them $550.
Wait for them to call for the rest, and laugh when you tell them all about your new pansies for the spring and how the debt is paid.

I would believe that they would NOT accept (or at least say) they would not accept payment... only because I have offered a payment or payment plan in the past and they flat out refused stating it was not enough. As far as I'm concerned it is NONE of their business what your "financial capacity" is. I would be cautious to give them any information and just make your usual offer of $100.00 or see what amount they are willing to settle at. At least if you settle with them, ask for a full and final release paper, it will only remain on your credit report for 3 years as opposed to 6.

Hey Silvio1,
I can't imagine that a collection agency would ever refuse money!!

Obviously they would like their commission a little faster by you paying your full amount faster.

Keep paying them your $100 and see if they ever refuse it..
Don't worry , your account is already R9 with the credit bureaus.. It's not going to get any worse!

If a debt is handed over to a 3rd party collection agency, can that agency refuse to accept a payment? I'm currently dealing with collections from GC&C. The debt is roughly $1300 and I made a recent payment of $100 which they accepted. I was told however, any further payments I make will be refused, unless I provide my financial capacity information. I have every intention to make the monthly payments on time of $100/month, but they kept stating it'd be refused. Can they do this?