The general consensus? A prepaid card used solely to pay the debt collector can be a relatively safe payment method, but be sure to look for a low-fee card and keep a record of your payment.

What’s the best way to pay a debt collector?

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.

What should you not say to a credit collector?

3 Things You Should NEVER Say To A Debt Collector

• Never Give Them Your Personal Information. A call from a debt collection agency will include a series of questions.
• Never Admit That The Debt Is Yours. Even if the debt is yours, don’t admit that to the debt collector.
• Never Provide Bank Account Information.

Can you use a credit card to pay a debt collector?

Don’t use a credit card to pay a debt collector. Any collection agency that accepts debit or credit cards can accept a prepaid card. With a prepaid card, you simply load money onto the card and then use the card to spend that money. All prepaid card issuers charge fees.

How to pay a collection agency or original creditor?

1 Know your scope of your financial ability to repay 2 Make contact with the original creditor 3 Have money ready to make a lump sum payment 4 Negotiate with clarity 5 Fulfill all promises to the creditor 6 Get everything in writing BEFORE sending money

Can you buy a money order with a credit card?

Be aware that buying a money order with a credit card is treated as a cash advance. So even if a money order seller offers to purchase by credit card, we recommend paying with a debit card, cash, or a bank account withdrawal to avoid finance charges on your next credit card statement.

Can a collection agency accept a debit card?

Any collection agency that accepts debit or credit cards can accept a prepaid card. With a prepaid card, you simply load money onto the card and then use the card to spend that money. All prepaid card issuers charge fees.