What is the lowest lump sum payment a collection agency will accept on an old $3000 student loan?
Posted by MarkAug 5
I am negotiating with a collection agency on a 7 year old ,000 student loan. They will accept a lump sum payment and want me to suggest a pay off amount and they will counter offer. I would like to know what the lowest amount a collection agency would likely accept? Any one who has worked in the collections industry would probably know this.
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they usually negotiate down upto 40% of the amount/
They will accept 1200 dollars.
if you say i pay now ill pay 50% and then its all done