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Collecrions

If I’m paying monthly but below the minimum required can I still be in collections

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Yes, even if you are making monthly payments on a debt, if the payments are below the minimum required amount, you can still be considered in default of the agreement and the debt can be sent to collections. It is important to communicate with the creditor or debt collector and try to work out a payment plan that you can realistically afford to avoid being sent to collections.

Unfortunately, SoloSuit does not provide assistance with this so any further questions will best be directed to an attorney.

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Answer

Yes, even if you are making monthly payments on a debt, if the payments are below the minimum required amount, you can still be considered in default of the agreement and the debt can be sent to collections. It is important to communicate with the creditor or debt collector and try to work out a payment plan that you can realistically afford to avoid being sent to collections.

Unfortunately, SoloSuit does not provide assistance with this so any further questions will best be directed to an attorney.

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