I received a letter from NCB stating that my delinquent account has been referred to their office for collection. I am surprised as my debt just reached 90 days late with Bank of America. They did not even offer me any option.
Since NCB is a collection agency, I assume I need to settle with them. What is my first step? Have them validate the debt? If so, how do I do that? After I do that, do I call them and tell them I do not have that amount of money and see what they can offer? I owe about $6,500 but only have about $1,000 to settle with. Would that be enough?
Thanks to all.