If you’re paying the amount owed in full, send a money order or cashier’s check for the full amount to the collection agency via certified mail, return receipt requested. Keep a copy of your mail receipts. For payments, do not send a personal check since that gives the bill collector access to your bank account.

What is the best way to pay a collection agency?

7. Make your payment. Once you and the debt collector have reached a written agreement for paying off the debt, you’ll make your payment. The most secure way to make a payment to a debt collection agency is by sending a check through the mail with a return receipt.

Can you pay a debt collector with a cashier’s check?

You can generally use a cashier’s check or money order to pay your settlement debt. The credit card issuer or collector can then deposit the cashier’s check or money order into its account.

How do you pay something that went to collections?

Generally speaking, you have two payment options.

1. Lump sum payment, or paying off all your debt at once, is the fastest way to resolve a collection.
2. Installment payments can help you manage the financial burden of repaying a large debt by spreading it out into monthly installments.

Can you send a check to a debt collector?

If you have a legitimate debt you are resolving, and have the deal in writing, I often encourage using your bank account over the phone, or a check. You can use a certified check drawn from your bank account. I encourage sending check payments Express mail for tracking.

What’s the best way to pay a collection?

How to Pay Collections. 1 1. Verify the Debt. Do not make any payments or acknowledge ownership of the debt without first making sure you owe the debt and that it’s still 2 2. Know Your Rights. 3 3. Determine What You Can Afford to Pay. 4 4. Negotiate a Settlement or Create a Debt Payment Plan. 5 5. Make Your Payment.

Can a debit card be used to pay a check?

Checks are OK, but debit cards aren’t a problem, either. You have the proof of your bank statement and/or the print-out you make from your bank’s web site as proof. Plus, you don’t have to pay for a postage stamp, or risk the check or MO getting lost in the mail. Personally, I pay all my bills with a debit card, and have never had a problem. 🙂