This period varies from country to country and generally varies between three and six years, but can be up to 15 years. Contact the collection company and inform them of the reason why you are collecting. Working with collection offices can be overwhelming, confusing and stressful. If you have a debt in collection, you probably need to know how to pay a debt collection. It`s not always easy. You must confirm that the debt belongs to you, inquire about your legal rights and decide how you want to make payments. If you pay less than the necessary monthly payment, your creditworthiness will be affected and you will find it much more difficult to obtain other credits. There are also options when it comes to payment. Some may choose to pay their debts in full. Others may agree on a payment plan with the lender. Meeting a payment agreement does not restart the time limit for credit information. That`s seven years from the account payment date, whether or not you can make a payment…
