Search SEARCH

If my account went into collections, should I work a deal with them or ignore them?

I messed up my credit account about two years ago when I quit my job to focus solely on school. I became irresponsible with my credit card bills and eventually one went into collections. Now I tried to work out a deal with the collectors that I would pay monthly, but I also let them know that I was unemployed and a full time student. I missed my last payment with them as I go to school and don't have a job,and my priorities are focusing on textbooks. I have heard from some people that it isn't even worth paying something once it goes into collections. What should I do, and what are some good ways to start improving your credit?

Asked By: Top Model - 2/8/2013
Best Answer - Chosen by Asker
Try to work with them and use the TERM I might have to Bankrupt on my Creditors but if you do get Cash Advance to pay for the fileing and lawyer fees ! its going to screw up your credit either way for 7 years BUT college loans are not dischargeable in Bankruptcy ! Car insurance if you file and need insurance they use... More
Answered By: storm_door2000 - 2/8/2013
Additional Answers (3)
If you want to improve your credit you have to pay your bills. Work with the collections. Most of the time they are willing to work some agreement rather than you not pay anything at all.
Answered By: jadamgrd - 2/8/2013
 
How much do you owe? If it's 10s of 1000s, it might be worth doing a bankruptcy, but that would mess up your credit for a while. Best to get a deal with the creditors and pay it off. Do you have a job? Or how do you get money? Parents? grants? School loans?
Answered By: KnowIt - 2/8/2013
 
You should never work out a deal on the telephone... More
Answered By: StephenWeinstein - 2/9/2013
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
www.HomeJobs-Finder.info
Click. Search. Apply. Free!
www.JobDiagnosis.com
Earn $95/hr Bookkeeping Right From Home. Free Video Explains All!
Accounting-and-Bookkeeping-Tips.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-220
eTrustLogo