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Posted: Sat Mar 15, 2008 2:28 pm Subject: Merrick Bank

I received a settlement offer from Merrick Bank saying they will slash my current balance in 1/2 if I can pay that full amount within 30 days or they will set up payment arrangements over a 36 months. I am unable to pay the $578.29 all at once and can pay the $22.48 for 36 months, however I can not pay them anything until April 3rd and the 3rd of each month after that. What should I do?

Also am I safe to give them my new checking account info or not?

ladybug

Posted: Sat Mar 15, 2008 3:35 pm Subject:

Merrick Bank seems easy to work with Ladybug. I make my regular CC payments through my bank to them with no problem.

Posted: Sun Mar 16, 2008 2:31 pm Subject:

thanks road...I will send them out a letter this week telling them that I will be taking advantage of this offer but can not pay them anything until April 3rd, do you think they will say that's too late?

Posted: Sun Mar 16, 2008 5:12 pm Subject:

The worst that they can say is that it's too late. If that happens, you're no worse off than you were before, right?

As to giving them banking info, I wouldn't do it. Maybe I'm just paranoid, but at least I'm upfront about it.