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Proper way to send in payments?

Date: Tue, 02/19/2008 - 15:32

Submitted by anonymous
on Tue, 02/19/2008 - 15:32

Posts: 202330 Credits: [Donate]

Total Replies: 3


If yo have a debt and you know its yours and you want to do the right thing and pay it off and the CA is offering you a settlement what is the best way to go about doing it.

I imagine I should get it in writing, but how do you know if it will stand up in court if they try to sue later?

I am assuming pay by money order.

Also what should they send me to prove they are the legal holders of the debt.

Ive seen the validation letter you have but it seems a bit heavy handed. The lady who called me was nice and said I could drop it from $1900 to $450 so I dont want to make her mad. She told me to call her back after I have received the settlement letter she sent.

Any help is appreciated.


I'm sure someone with more knowledge about this subject will respond soon, but, I would definitely send a money order, after I received a written settlement agreement from them. That sounds like a very generous settlement to me. Like I said though, hang on and someone with more knowledge will be along to give you advice.


lrhall41

Submitted by Shazzers on Tue, 02/19/2008 - 15:40

( Posts: 17344 | Credits: )


I don't see why it would make her mad with you wanting to validate a debt. Have you tried contacting the creditor on the account to see if they still own it and know where it is? From what I know about settlements is that they are usually time sensetive.

Of course you will want any settlement in writing as well.


lrhall41

Submitted by FYI on Tue, 02/19/2008 - 16:05

( Posts: 1950 | Credits: )