I need help figuring out what to do about a payment plan I set up with a debt collector. I originally owed over $3000, but they offered me a $700 discount if I paid in full. I explained I couldn’t afford that and offered $50 a month instead, which they agreed to for six months. Unfortunately, my situation has gotten worse. I had pneumonia, missed work for two weeks, and found out my job is ending next month. Now, we’re relying solely on my husband’s income, and even $50 a month isn’t possible. I’m thinking of asking if they’ll take $15 a month, but I’m unsure if they’ll agree. I’m scared they might sue since I committed to the plan. Any advice on what I should do?
“$50 a month and we’ll see in 6 months” doesn’t sound very formal. It seems more like, “We’ll take whatever you can send.” I’d say send the $15 and hope for the best. Whether it’s $15 or $50, the risk of being sued seems about the same. It’s better than paying nothing.
@Zen
Agreed. Even a smaller payment shows you’re trying. Not paying anything makes it look like you’ve just given up entirely.
Sorry you’re going through this. I’ve been in debt before, and it’s tough. The key is staying in contact with the collection agency. Let them know you’re in financial hardship and ask to adjust your payment plan. Tell them $15 is all you can manage right now. If they decide to take legal action, you can explain the same situation in court. Communication is important because going silent often leads to lawsuits. Some debt collectors are understanding, while others aren’t, so don’t hesitate to ask for someone else if you feel dismissed. Wishing you the best.
@Aeron
Be careful with any promises about future discounts. Make sure you get something in writing that says, “We’ll accept this if you stick to the schedule.” Also, remember that making any payment can reset the statute of limitations on the debt, which works in their favor.
Since they bought the debt, the original company no longer has any involvement. Reaching out to them won’t help. It’s unlikely they’ll accept $15 a month, and yes, they could sue if you default on the agreement.
@Ren
I’ve had luck contacting an original creditor before, but that might not always work. Right now, with housing and costs skyrocketing, it’s rough for so many of us. I hate being in this position. It’s not like I want to avoid paying—it’s just impossible at this point.
Stop trying to contact the original company—they sold the debt and don’t care about it anymore. The collectors are the ones handling it now.
Just stop paying them! Focus on taking care of yourself and your family first.
Not a lawyer, but I’ve been in over my head with debt before. I stopped paying at one point, and eventually, some creditors gave up while others pursued lawsuits. Even if you can’t pay, try to communicate with them. But don’t let the fear of lawsuits ruin your health—focus on what you can control.
@Zan
If the statute of limitations has passed, they can’t sue. But remember, agreeing to pay or even making small payments can restart the clock.
Jamie said:
@Zan
If the statute of limitations has passed, they can’t sue. But remember, agreeing to pay or even making small payments can restart the clock.
You’re right—making payments or acknowledging the debt can reset everything. It’s such a mess.
@Zan
Yep, it’s not just acknowledging it. Agreeing to pay can reaffirm the debt. Always tread carefully.
Sorry you’re dealing with this. Try paying the $15 and explain your situation. Let them know you’ll increase payments when things get better. Some collection agencies appreciate when you show effort to resolve things.
Sounds like you’re in a tough spot. Have you thought about whether bankruptcy might be an option? It’s a big decision, but it could give you a fresh start, especially if medical bills are part of the debt.
I’m dealing with something similar—cancer and other setbacks have made paying debts nearly impossible. It’s tough.
Debt collectors can be relentless, especially when everything costs so much now. I hate dealing with this.
Kase said:
Debt collectors can be relentless, especially when everything costs so much now. I hate dealing with this.
It’s frustrating, isn’t it? The system feels rigged to make people struggle. It’s hard not to feel like we’re stuck in an unfair loop.
You could send them a cease-and-desist letter if you’re ready to let it go. It’ll hurt your credit, but if paying isn’t realistic, your priorities may need to shift. Keep records if you go this route.
Floyd said:
You could send them a cease-and-desist letter if you’re ready to let it go. It’ll hurt your credit, but if paying isn’t realistic, your priorities may need to shift. Keep records if you go this route.
Terrible advice. As a lawyer, I’d never recommend this unless you’re prepared for them to escalate to legal action.