Is it possible for me to settle with a collection agency on a debt from a state university?
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Is it possible for me to settle with a collection agency on a debt from a state university?
I went one semester and owed around $11,000 at that time but now the collection agency is asking for $20,000 after having my account for 17 months.
Asked on January 7, 2013 under Bankruptcy Law, New Mexico
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
It is entirely possible for you to settle a debt that you may owe by way of a written agreement dated and signed by you and the debt collection company's representative. The ultimate issue is agreeing to amount and terms of repayment. I suggest that you may want to meet with a consumer law attorney to assist in the negotiation of the matter.
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