Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

collection

Date: Tue, 12/18/2007 - 06:48

Submitted by anonymous
on Tue, 12/18/2007 - 06:48

Posts: 202330 Credits: [Donate]

Total Replies: 2


I am being offered a settlement on a credit card, by a collection agency. I have been making payments by bank draft, for 2 yrs. They are offering a settlement of 30% on the balance. Collector is telling me that the account my no longer be "in the office", in the near future, and that if that happens, the interest will be added back into the amount owed. I think she is under pressure to close as many accounts as possible by the end of yr. I she being truthful about the interest? Our last conversation ended with, how much do you think you could pay. Meaning something less than 30%. Thanks, Ed Faught


I????????m not an expert but I believe that they do like to get things closed out before the original creditor takes the account to another CA.And before the year ends. This may be a good opportunity if you can afford it.Send them an offer....what do you have to loose. Be sure to get everything in writing, this may mean using a fax as time is a factor.


lrhall41

Submitted by mommontoya on Tue, 12/18/2007 - 06:58

( Posts: 501 | Credits: )


Welcome to the Community Ed :D If she asked what you think you can pay- you may be able to settle for less. The problem is, if they don't give this to you in writing- they could sell the remainanig balance to another agency.

Is this CA collecting for the original creditor or have they bought this debt?

Can you give us some more info? Good Luck..Karen :D


lrhall41

Submitted by Bossy4455 on Tue, 12/18/2007 - 08:24

( Posts: 5854 | Credits: )