Debt Collection Basics: Can I Pay Off Debts in Collection?
If you're looking for debt collection basics, you've come to the right place. Knowing how debt is collected and what rights you have as a debtor can help you navigate the process and make decisions about how to manage your debts. One of the most common questions debtors have is if they can pay off their debts in collections.
The answer is yes – but it’s important to understand that paying a debt collector does not necessarily mean that you will be completely free from financial obligations related to that debt. When a creditor has transferred your account to a third-party collection agency, they may have already charged off part or all of your balance as an uncollectible bad debt. This means that even if you pay off the full amount due, you may still owe money on the balance after charging it off.
The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706