Should I send the Collection Agency $10 per month?
Making a nominal payment to a collection agency in hopes of avoiding a lawsuit is the wrong thing to do. Such an act may do much more harm than good.
This is a common question at my law firm. A potential client calls and says that they have defaulted on a credit card account. After I explain what their options are, they inevitably ask “Can’t I just send them $10 per month? If I do that, then they cannot sue me, right?” Wrong! This is a myth of the highest proportions. For reasons that I cannot explain, consumers often believe that it is better to send something, no matter how small, on an account that they have defaulted on, than to make the collection agency prove their case.