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LaToya Irby

What Happens if You Skip a Collection

By May 30, 2014

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You may be less than enthusiastic about paying a collection account. However, it could be in your financial best interest to pay the account (if it's yours, of course) and be done with it. As long as the debt is outstanding, you could potentially dodge debt collectors for ever.

Think about the consequences of not paying a collection before you rule out the option. For example, worst case scenario, the collector could sue you, get a judgment, then ask for permission to garnish your wages. It could happen, no matter how much or how little you owe.

Related Articles: Your Rights With Debt Collectors | 5 Reasons to Pay a Collection | Remove Collections From Your Credit Report

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