Categorized | Collection Agencies

Should I Pay a Collection Agency?

The phone rings and its a debt collection agency on the phone.  They are demanding that you pay off your Chase credit account from 4 years ago.  What to do?  Honestly, the answer is often that you should do nothing other than encourage them to sue you. 

In this day and age, there are 2 types of collection agencies.  The first is the agency that is working directly for the original creditor.  This type of agency is, in my opinion, a little more credible than the other type of collection agency.  The other type of collection agency what is called a “junk debt buyer”.  (LVNV, Atlantic Credit, Midland Funding, Asset Acceptance and the like are junk debt buyers).  You should almost never pay this type of agency.  The reason is that they are very easily beaten in court, at least with our office representing you. 

The only time that I consider recommending that a client pay one of these agencies is where the claim amount doesnt warrant the hiring of an attorney.  For instance, if you are being pursued for $700, it may be more cost effective to negotiate with the Collection Agency at that point than to hire an attorney for several hundred dollars on a defense.

Credit Card Lawsuits

If you are faced with a credit card lawsuit, whether its an original creditor or a junk debt buyer, contact my office at 412-823-8003 right away. We offer a free, no obligation review of any credit card based lawsuit that is filed in PA.

FDCPA Attorneys

Many Debt Collectors threaten people, that's a fact. Threats of wage garnishment, jail, fraud charges and contacting employers, friends and relatives happens every day to people just like you. The truth is that most of these threats are illegal. If a debt collector is threatening you, contact our office at 412-823-8003 for a free initial consultation.