Page Section Navigation
Go to: Header
Go to: Utility Navigation
Go to: Primary Navigation
Go to: Content
Go to: Footer
 
Ask the Experts

Ask The Experts

Q:
Last month, I sent them the smaller payment and they called demanding more money. Why?

I had trouble in the past paying a large bill and the creditor was letting me pay a lesser payment. Last month, I sent them the smaller payment and they called demanding more money. Why? Of course, I don’t have anything in writing. -Cherie

Dear Cherie,

Since you have been paying on the debt regularly and your collection agency is suddenly demanding higher payments, you should consider sending a letter explaining your situation. Tell them that you are unable, not unwilling, to repay in full at this time. Also, keep sending what payments you can; many creditors will apply them.

Good luck,

Ask the Experts

Explore by:
Ask The Experts

If you do not find the answer to your question in the archive, write to the Advice Team today! A member of the Advice Team will personally respond (by email) to your question by offering answers, helpful tips or solutions. This is a free service offered by MMI.