How can I request a written debt settlement agreement?
Date: Thu, 12/01/2011 - 20:01
I do have the proof of payments through my online banking, but want to get something in writing just in case they try to come after me again or make me pay the full amount after all. Is there something I can send them to make them respond? I have called and asked several people, but I feel like that is just going no where. Or is there something else I should be saying? Should I threaten to stop my payments? Or will they be able to keep withdrawing from my account anyways? Sorry if this is a silly question. Thanks!
I would not have made a single payment without that settlemnet l
I would not have made a single payment without that settlemnet letter in my hot little hands. Tell them to write it up and fax it to you asap.
Account Receivables Management
You mentioned that you received a letter prior to your first payment. Did this letter outline the details of the settlement agreement? If it did, and you're following through with your end of the commitment, you're fine. You probably won't receive another piece of correspondence until the final payment is made, and the settlement is complete. Some collection agencies send confirmation of each and every payment, but others don't send anything other than the original settlement letter, outlining the details, and then a final letter after the settlement has been completed.
Now, if you didn't receive a settlement letter prior to the first payment, that's another story, and you need to be on this every single day until you receive written confirmation of this settlement agreement. And, yes, you can threaten to stop payment on all future transactions.
Best of luck to you!
Quote:I am making payments and several have already gone through
Quote:
I am making payments and several have already gone through, but I have yet to receive any written document stating what our settlement agreement is. They have sent me one letter before the first payment came out, and supposedly were going to send one with each payment, but that has not happened since. |
Obviously they have not received a settlement agreement letter. Sounds like the letter they are receiving is the required letter under ?? 808.
(2) The acceptance by a debt collector from any person of a check or other payment instrument postdated by more than five days unless such person is notified in writing of the debt collector's intent to deposit such check or instrument not more than ten nor less than three business days prior to such deposit.