So my 2nd mortgage was charged off a few years ago, we stopped paying sometime in 2006. The company, Wilshire Credit Corp, has since gone under and is no longer in business. A year and a half (or so) ago, I started receiving letters from a CA with settlement offers, I contacted the CA in an attempt to settle the debt at the offer (just over 10% of the original debt) they listed on the letter, I did not provide my banking information and after verbally agreeing to an amount with one of their representatives I went about putting the cash together.