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  1. #1
    Join Date
    May 2008
    Posts
    1

    Default Denied Attempts To Pay

    so about 6 months ago, i caught up in some debt with a bank. they wanted all the money at once, and i did not have the funds, i offered to pay back monthly in payments. the refused me. after that i have not heard from them aside from a statement saying my account was at balance 0 and my account was closed.

    however i have just recently gotten a phone call from a collections agency looking for the money. they tracked me down and phoned me at work.

    now im upset, because i offered to pay them back in segments in the first place and they refused and sent me the closure statement. and now i have a collections agency after me...
    im not sure what im asking, but i suppose,

    is this right? or legal?

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Denied Attempts To Pay

    yes, it is legal. There is no requirement a creditor accept anything less than payment in full. It is a myth that if you offer to make payments and are refused the debt is considered forgiven. Just a myth.

    So, since you did not pay the debt, they did what is typical which is turn the debt over to a collection agency who will make all efforts to collect the debt.

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