Skip to main content
No. of Recommendations: 3

You wrote, once your debt is in collections its written off by the original debtor[sic]. you cant make good by paying them.

Sure you can. The fact that the original creditor (not debtor) has done an accounting entry to remove your obligation as an asset from his accounting records has no bearing on whether or not you still owe him money.

Also, I dont see any moral obligation to fund collections agencies.

Funding the collection agent has nothing to do with it. The original creditor may still own the debt and the agent may be just that - an agent of the creditor. The fact that you don't like them doesn't mean you don't have a moral (and legal) obligation to repay your debts.

- Joel
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.