Can a debt collector deny your payments because they don’t like the amount?
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Can a debt collector deny your payments because they don’t like the amount?
Stating that they don’t want it drawn out that long and would rather refer it to an an attorney.
Asked on January 4, 2013 under Bankruptcy Law, Colorado
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Yes, as a general rule, a debt collector can deny your proosed re-payment schedule. It is not obligated to accept payments on your timetable. The fact is that you had a contract with them to repay the debt but you breached it. Accordingly, when a debtor is in default, a creditor has the discretion to accept repayment terms different than what you originally agreed to - or not.
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