GE Money Bank/Lowe's
Date: Fri, 05/29/2009 - 05:26
Hi,
Due to 2 business failures I got delinquent and since February this year I stopped paying on my Lowe's Card. I am now in collection with Encore for 9000.00.
I asked for settlement over the phone 2 weeks after receiving their letter and they gave me a 80% amount of 7200.00 which I declined.
Questions:
1. Can I still ask for Debt validation because they happened to know my last payment information on it?
2. Is it worthy sending them an offer to settle with a check payment saying if they deposit it, they accept my offer and that any further collection after that payment being cleared is violation of laws?
Any information or help with them is appreciated. Thanks in advance. I just want this to be done and over with.
Due to 2 business failures I got delinquent and since February this year I stopped paying on my Lowe's Card. I am now in collection with Encore for 9000.00.
I asked for settlement over the phone 2 weeks after receiving their letter and they gave me a 80% amount of 7200.00 which I declined.
Questions:
1. Can I still ask for Debt validation because they happened to know my last payment information on it?
2. Is it worthy sending them an offer to settle with a check payment saying if they deposit it, they accept my offer and that any further collection after that payment being cleared is violation of laws?
Any information or help with them is appreciated. Thanks in advance. I just want this to be done and over with.
1. You can ask and they may provide it. However, if it is outs
1. You can ask and they may provide it. However, if it is outside the 30 day window for requesting validation then they may ignore you. Never hurts to try.
2. You can try it but not likely to be effective. The reasons are too numerous to really get into in depth and may be different depending on yoru state, but if you try that they will either return the money or take it and continue to hound you on the balance. Best bet is to try and work something out at this point. If it goes to court they may be less willing to settle due to their incurred costs.