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Best Way to approach Collectors!

Date: Wed, 03/02/2011 - 07:04

Submitted by anthony_chldrs
on Wed, 03/02/2011 - 07:04

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Total Replies: 2


I owe on two cards that are now in collections. I haven't been contacted by these companies, but they are on my credit report. Reason I haven't been contacted may be from moving often, phone # changes, etc... From the amount showing on my credit report, I could pay in full, but would like to pay a little less if possible. What is the best way to approach the collectors? Is calling them okay, or do I need to write them a letter? I do not know what my account # would be with them, I'm assuming it would be different than that of my original creditor. Thanks for the help.


You can get the name of the collection agencies from your credit report. Search the names of the collection agencies in the Internet. You'll get the contact details of the collection agencies. Once you get their contact details, send them a written request to validate the debt. If they send you the debt validation letter and prove that the accounts have been sold to them, then you can pay the debt in full or negotiate settlement with them. It is always better to communicate through letters. You'll get to know about the debt amount from the debt validation letter itself.


lrhall41

Submitted by Good Nelly on Thu, 03/03/2011 - 01:29

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