Counter offer..
Date: Sun, 11/08/2009 - 11:03
Long story short i'm dealing with ARS( Associate Recovery Systems) regaurding a Dell account. Basically they responded to my debt validation letter with a total of roughly $1600 which still doesnt add up to me because I had paid a little through my DMP plan before they stopped because Dell wouldn't accept it. I believe my true balance should be somewhere around $1200.00. They recently sent me an offer stating they would accept a 60% settlement or monthly payments of $100 after i paid $160 down to end up paying in full. How should I counter this. I really can't afford to pay the $100 monthly or the 60% settlement. Should I come back with a 35% offer on what I believe my balance is? Or would somewhat lowballing these guys not be a good idea? Should I contact my Debt Managment people to have them try and set something up? Any advice would be great and thank you in advance!
Gettingbackontrack
Gettingbackontrack
Quote:Basically they responded to my debt validation letter with
Quote:
Basically they responded to my debt validation letter with a total of roughly $1600 which still doesnt add up to me because I had paid a little through my DMP plan before they stopped because Dell wouldn't accept it. I believe my true balance should be somewhere around $1200.00. |
That is why people are asked to validate the debt to eliminate any confusion regarding the debt amount before getting into settlement negotiation.
Anyway, you may counter them with a lower amount but at the same time should also try to arrange the money so that if they disagree you can then pay them and stop them from suing you.
