Settlement Offers with collectors

Date: Wed, 09/27/2006 - 13:11

Submitted by anonymous
on Wed, 09/27/2006 - 13:11

Posts: 202330 Credits: [Donate]

Total Replies: 3

I have been making settlement offers to a few collectors and/or accepting their settlement offers and they are ignored. I just keep getting the same form letter in the mail? Anyone have any thoughts? There must be a fdcpa rule that says they have to respond to you. Most didn't respond to my requests for additional info on the accouts.

collection agencies are not bound to accept your settlement prop

collection agencies are not bound to accept your settlement proposals. They act on behalf of the original creditors who pay them pennies for dollars. Your should try to work out something with the original creditor instead.

lrhall41

Submitted by Flying Cats on Wed, 09/27/2006 - 13:48

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I understand that, but how can they just ignore your attempts to

I understand that, but how can they just ignore your attempts to settle?

lrhall41

Submitted by on Wed, 09/27/2006 - 14:24

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Not all debts are bought. Debts usualy 3 years older or more are

Not all debts are bought. Debts usualy 3 years older or more are bought sometimes up to two years after your creditor decides that they feel you are never going to own up to the money they lent you or for services rendered to you when you requested them.

Any they can and will ignore any attempt to settle the account if they don't want to. There is no law binding them that they have to call you upon recieving your mail or accept your offer.

lrhall41

Submitted by FYI on Wed, 09/27/2006 - 16:07

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