What to do when settlement offer to collection agency gets rejected
Date: Thu, 07/07/2011 - 12:46
I have a balance on a couple credit cards under $2,000 total. The collection company will not under any circumstances go lower than 65% of the total. The agency is collection on behalf of First Premier Bank so they don't own the debt. On the phone I got nowhere, and in my settlement letter 30% got me nowhere.
Should I wait for the debt to be sold and wait to try my luck with the new owner, or should I write another settlement letter.
Any advice
Should I wait for the debt to be sold and wait to try my luck with the new owner, or should I write another settlement letter.
Any advice
Collection agencies will not negotiate thru the mail. It is not
Collection agencies will not negotiate thru the mail. It is not cost effective. You need to call and once you agree on an amount, then they will fax/mail you a settlement letter.
Actually I've read that you should never deal with them on the p
Actually I've read that you should never deal with them on the phone, and go straight to the letter. I sent the letter after they wouldn't do anything on the phone, and talked to them after they got, and still can't get anywhere. Any advice?
