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Frank Chappell

Hi,
I need a little advice. LHR, Inc. is collecting for the original creditor, Juniper Bank. This is a legitimate debt, however, I sent them a debt validation letter because the balance on the debt more than doubled ($800 - $1750) in just 6 months time from first missed payment to charge-off. They responded back about 10 days later with a very soft tone in their letter stating that they would offer settlement in the amount of $850.00 and if I couldn't pay that now, I could pay whatever I could afford each month until balance is paid. Should I wait until they properly validate the debt? or, should I start monthly payments I can afford? I can't afford to pay $850.00 settlement right now.

What should I do?

Thanks!

Posted: Tue Mar 06, 2007 7:58 pm Subject:

Any payment before validation would basically tell them that you acknowledge and affirm that it's your debt. Make them prove it,then settle.

marciesalmon · Posted: Thu Jun 12, 2008 12:41 pm Subject: Do not pay a debt collector

Pay your original creditor only. But first ask your self :

date original date incurred
date of original default

check you Statute of Limitation on the above questions.

You may feel emotionally that you owe this debt ,but according to the law you may not.

Guest · Posted: Thu Jul 10, 2008 7:59 pm Subject:

PAY THE DEBT IF YOU KNOW THAT YOU OWE IT!!! LOW LIFE!

Guest · Posted: Fri Jul 11, 2008 12:10 am Subject:

Guest, we know who the real "LOWLIFE" is don't we?

Posted: Fri Jul 11, 2008 4:42 am Subject:

I would wait for validation also. This way you are absolutely positve that you owe them and you will be sure as to why the debt doubled. Also, everything should be done in writing, no verbal agreements.

Good luck and let us know how you make out.

and if I couldn't pay that now, I could pay whatever I could afford each month until balance is paid.

After rereading your post, I thought this statement was a little weird. Usually, a collector wants you to pay a certain amount each month. What happens when you can't afford anything - do you not need to pay that month??? It just is too broad and when working with a collection agency, broad is not good. Wait for validation.

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