When you’ve dealt with bill collectors for as long as I have, you eventually run across just about every collection scenario in the business. In one such scenario, I received a call from a collection agent who was very nice and surprisingly a perfect gentleman throughout the entire conversation. The conversation went something like this:
The collection agent tells me that my visa account was in collections and that it would cost me just over $1000 to settle the account. I informed him that the credit card limit was only $300 and that I would be willing to pay the $300 to settle the account, as I was trying to clean up my credit.
He then informs me that the extra $700 was due to collection fees and interest. I remained calm as to not escalate the situation and kindly informed him again that I would gladly pay the $300 past due amount but there was no way that I was going to payback an extra $700 in interest and fees…not in this life or any other for that matter.
The agent then tells me that it will go on my credit report if I refuse to pay and I informed him that it's already on my report so I would gain nothing by paying him an exuberant amount of cash on a card that I would never be able to use again and on top of that, it would still ding my credit report for years to come.
It didn’t take very long to figure out that neither of us were budging any time soon, so we both agreed to end the conversation like gentlemen without the standard voice raising and name calling. All in all I believe it just may have been my best collection call ever! Do you have any debt collector stories that you’d care to share? If so, please type them in the comments section below!
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