Do you need written settlement offer from original creditor?
Date: Thu, 11/19/2009 - 15:33
Came across this while looking for some info. It states if you are settling with your original cc bank you don't really need written offer to settle.
creditinfocenter.com/debt/originalcreditor_debtsettlement.shtml
I am confused here. What if the bank backs out? Can someone clarify this? Thanks!
creditinfocenter.com/debt/originalcreditor_debtsettlement.shtml
I am confused here. What if the bank backs out? Can someone clarify this? Thanks!
Socool, The linked page is bad info. It doesn't matter who you
Socool,
The linked page is bad info. It doesn't matter who you do the settlement with when it comes to this rule: Get It In Writing!
Over the years creditinfocenter has been a decent resource for consumer information, but they definitely got this page wrong... on several points.
Mileage may vary
I definately agree on that one...always get it in writing.
I definately agree on that one...always get it in writing.
so what if you get a letter from the collection agency? Do you
so what if you get a letter from the collection agency? Do you still need to get a letter from the original creditor?
if they have proven that they own the debt or are working with t
if they have proven that they own the debt or are working with the origional creditor than no. you only need the one letter
