Best way to pay debt collectors?
October 15, 2009 5:41 PM Subscribe
Now that I am able, I would like to pay the debts I have accrued over the past few years. When confronted with debt collectors, what is the best way to deal with them so that this positively impacts my credit report?
posted by Loto to Work & Money (12 answers total) 17 users marked this as a favorite
Young and dumb, I didn't pay a number of bills that I should have when I was in school and just after I graduated. I would like to pay these off now. It isn't a huge sum of money, in total, but it is a black mark on my credit report. I've paid the original creditors when I've could but I have a number of debt collection agencies calling me about other debts. These are legitimate debts so I am not worried about that but with the horror stories I've heard about collection agencies I want to make sure that I do this right. It doesn't help that I have been ignoring the problem for a long time; in most cases I have never even spoken to these agencies.
When trying to pay a debt through a collection agency, how should I proceed? Should I request a bill in writing and then cut a check? Pay over the phone with a credit card? How do I ensure that the debts are marked as "paid" in my credit report?