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Debtconsolidationcare.com - the USA consumer forum

CA calling me to settle default accounts

Date: Fri, 11/04/2005 - 13:22

Submitted by anonymous
on Fri, 11/04/2005 - 13:22

Posts: 202330 Credits: [Donate]

Total Replies: 1


I have a few unsecured debts that went to collection few months back. But my financial condition was so pathetic that I could not pay the installments. Now the collection agency is calling me and asking to settle the debt at a lower amount. What should I do? Will I be able to save if I go with them?


Hi debtguy

Welcome to the forums.

You should pay off this debt as it is shown in your credit report. Although, the accounts in collection have hurt your credit report in negative terms, but you might like to update it as 'paid collections'.

Contact the collection agency and request for a debt validation of the said accounts. After you hear about the details of your accounts, you can arrange for a payment plan with them.

You can also take some professional help if you hesitate in dealing with the collection agencies. The consultant will negotiate with the debt collectors and arrange for a suitable payment plan.

After analyzing your financial situation, you will be offered a lower monthly amount by which you can clear off this debt. Take a free discussion with the expert and know more about your payment options. Please register yourself in the website for a professional help.

Regards
Roxette


lrhall41

Submitted by roxette on Fri, 11/04/2005 - 13:31

( Posts: 4009 | Credits: )