Offers to payoff debt/settlement offers
Date: Wed, 01/20/2010 - 09:21
I'm looking to clean up my credit. Rec'd a ltr from RJM Acquistions offering settlements on three accts. They are small amts ranging from 78.00-168.00 all from book clubs. It's close to 6 yrs old. They are even offering payment arrangements/settlements. Should I just pay them off either in full or settle? Will this help my credit scores? I also have another collection agency, Jefferson Captital Card Services, LLC. offering me a credit card in order to transfer a debt w Chase Bank (1,500.00) that was bought off by Midland Credit Management, Inc. Once I make the $375.00 first payment within 12 mos. of starting the program an Emblem Mastercard will be issued and a reduction of $225.00 will be given. Ofcourse, I would continue paying off the balance and the program balance will have 0% APR for the lifetime of that balance. I'm not sure if this is legitimate and if I should entertain it? My credit score is currently in a range of 570-610 and I still can't get any credit. What do you suggest?
Quote:I'm looking to clean up my credit. Rec'd a ltr from RJM Ac
Quote:
I'm looking to clean up my credit. Rec'd a ltr from RJM Acquistions offering settlements on three accts. They are small amts ranging from 78.00-168.00 all from book clubs. It's close to 6 yrs old. They are even offering payment arrangements/settlements. Should I just pay them off either in full or settle? |
What is the SOL in your state?
Most likely the debts have crossed the SOL and hence you only now have the moral obligation to pay them off. Remember that a payment plan would renew the SOL. I'd just wait these out for one more years till they drop off my report and be done with them.
