Discover settled for 25%
Date: Tue, 12/16/2008 - 06:44
Submitted by lisaawilliamson
on
Tue, 12/16/2008 - 06:44
Total Replies: 2
I made some calls last week to settle some of our remaining cards that James didn't settle.
I called Discover and they settled for 40%, payable by the end of the month. They seemed eager to settle it and gave me several days to make the payment.
I waited on the fax to come explaining the terms, then sent a personal check by certified mail for the amount.
The SAME day I settled for 40%, another person wrote me a letter saying that they had reviewed my account and would settle for 25% of the balance. I got online and tracked the check I had sent and they had received it the day I received the 25% letter!
I called them this morning first thing to talk to them. They are letting me stop payment on the first check and mail them the 25%, not the 40%! It will save me enough to get one more card settled. They were very nice.
My husband hadn't wanted me to send them a personal check even though their fax made it clear that that was okay. I am so glad now that I did. Stopping payment made it all very easy.
They were very nice about the whole thing. We haven't made payments on this in a little over two years. I don't know if they would be that willing to make settlements on something that they thought they could still collect on.
I called Discover and they settled for 40%, payable by the end of the month. They seemed eager to settle it and gave me several days to make the payment.
I waited on the fax to come explaining the terms, then sent a personal check by certified mail for the amount.
The SAME day I settled for 40%, another person wrote me a letter saying that they had reviewed my account and would settle for 25% of the balance. I got online and tracked the check I had sent and they had received it the day I received the 25% letter!
I called them this morning first thing to talk to them. They are letting me stop payment on the first check and mail them the 25%, not the 40%! It will save me enough to get one more card settled. They were very nice.
My husband hadn't wanted me to send them a personal check even though their fax made it clear that that was okay. I am so glad now that I did. Stopping payment made it all very easy.
They were very nice about the whole thing. We haven't made payments on this in a little over two years. I don't know if they would be that willing to make settlements on something that they thought they could still collect on.
Did you settle directly with Discover or with a collection agenc
Did you settle directly with Discover or with a collection agency? I'm having trouble with Discover and they have sent it to Zwicker & Associates.
I settled with Discover. They had sent this to Redline Recovery
I settled with Discover. They had sent this to Redline Recovery a while back and that guy broke every law there was. For that reason, Discover pulled it back in house. Since I had told them I wanted to eventually settle, they left it in house. I don't know that many of them are still with the OC after over 2 years.