Ok i have a debt from a credit card that has now gone into collections. Can your credit score go dow

I wonder how come they only accept payment in full and not monthly payments to pay off the balance? im currently making payments towards it. this is stupid and i don%26#039;t get it. can anyone help me on this one...

Ok i have a debt from a credit card that has now gone into collections. Can your credit score go down%26amp;howmuch?

Yes, an account in collection will lower your credit score. By how much there%26#039;s no telling - you%26#039;ll have to check it and see. And if the collections agency you%26#039;re working with won%26#039;t work a deal with you to pay the debt off monthly, report them to the local Better Business Bureau and the local Attorney General%26#039;s Consumer Protection office. Sounds like they are violating the spirit if not the letter of the Fair Debt Collection Practices Act.

Ok i have a debt from a credit card that has now gone into collections. Can your credit score go down%26amp;howmuch?

it will go way down

Ok i have a debt from a credit card that has now gone into collections. Can your credit score go down%26amp;howmuch?

Yes your credit score will go down and it will stay down until you pay it off and even after that it will still show on your credit that you let the account go into collections. It will take some time to get it off unless you have it removed yourself.

Ok i have a debt from a credit card that has now gone into collections. Can your credit score go down%26amp;howmuch?

It will definately go down. You should of contacted your credit card company about your financial situation before everything started. Credit card companies are willing to work something with you if you%26#039;ve talked to them. When they hire a collection company to get payment from you, it%26#039;s already too late to do anything, but to pay the amount that they%26#039;re asking for. In the first place, you should of thought about the outcome of charging those credit cards if you know you can%26#039;t afford to pay them back.

Ok i have a debt from a credit card that has now gone into collections. Can your credit score go down%26amp;howmuch?

Yes you credit score will go down. Just keep sending in monthly payments until it%26#039;s pay off. They may not set up monthy payments with you, but they sure won%26#039;t send any payments back that you make.