Debt Collection Basics: Can I Pay Off Debts in Collection?
Debt collection is a process that involves debt collectors attempting to recover unpaid debts from borrowers. It's important for consumers to understand their rights and responsibilities when it comes to dealing with debt collectors, especially when considering whether or not they can pay off debts in collection.
When a debt is sent to collections, the creditor has sold or transferred the account to a third-party collection agency that will attempt to collect on their behalf. Consumers may still be able to settle the amount owed by negotiating directly with the collector, making payment arrangements or paying off the balance in full. However, this should only be done after performing due diligence and understanding any potential penalties associated with paying off debts in collection.
The Law Offices of Omar Zambrano has helped thousands of people and 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 the 12738 Ramona Blvd Baldwin Park CA 91706