can creditors deny payment

The letter probably asn't even from a lawyer, but from a collection agency. and they HAVE to accept partial payment from you, as long as its more than the minimum payment would be. As far as i know, when they refuse to accept payment, they can no longer ask you for anything. Collection agencise do tend to bully you until they get twice what you owe, though. i had a friend who just called up the credit card company and said she would give them 60 cents on the dollar take it or leave it, and they accepted.

My advice to you is to send them a check in the mail, stating what it is for. A credit counselor told us that several months ago. If they cash it you have proof that they accepted it. Continue to send them $50.00 every month after that. I think you will discover that any lawsuit will quietly disappear. Good luck.

It depends from le laws of your Country. generally if you have a debit and the creditor claims to be paid you need to pay. Otherwise if you have not all the money you can dilaying monthly the payments. They can apply fees.

they can sue u what u would need to do is come to an agreement and try to send something or eventually u will have to go to court and they could end up garnishing wages and or putting a lean on property if u own it

You need to check the user agreement for your card. It will probably say that they have the right to demand payment whenever they want. You can try sending the money and see if they accept the funds. Chances are they are going to send your account to a collections agency, but it might be worth a try.

Yes the collection agencies should accept your payments and DON'T give them your bank info. They will clean you out. Saw it happen to someone, then they needed to change banks.

Call them and see if you can make payments to them. They have to try to help you out and come to an agreement of what you can pay. I had this happen with my hospital bill from when I had a baby. I kept getting all these bills and couldn't pay them all. Well I was paying on each one as much as I could and they sent me a letter saying they were going to send me to collections. It didn't get turned over to a lawyer though. I just called and set up an amount that I could pay each month. But then I got a charity form and they paid the rest 100% for me. Good luck!!

DON'T give them your baking account info. they will clean it out. I have seen them do this to many people. Just keep sending in your payments and don't take their calls anymore because they are trained to pressure you and try to scare you into paying more money. Your paying what you can afford. Keep up the payments though, don't miss any.

In my country, banks allows creidtors to pay minumum payment every month, usually 10%. Say, if you owe 700 dollars, you can pay 70 dollars per month, then it's OK, they will not sue you, and it will not impact your credit record. But if you cannot repay this minimum payment, bank charges late fee in the first 3 months and it impacts your credit record. If you cannot repay minimum payment for 3 months, then the bank will send a confimation letter to you for asking you to pay back money, it will sue you to the court till 6 months.