Phone call from Ameriloan and I tried to settle the debt
Date: Mon, 12/05/2005 - 13:08
Then I tried to strike a deal with her to settle the current balance of 600 for 380 if I pay them 40 bucks right now. She accepted the deal after 15 minutes of negotiations and asked for a debit or credit card! Yeah right, as if I was gonna give them that info. So she asked for sending a moneygram and I asked her for something in writing saying that if I send her 40 bucks and another 340 on the 15th, the account will be settled and closed. She said they conduct business by email and I will receive an email about the settlement deal.
Well, so far no emails from them! Excuse my French, but what a bunch of bullshitters!!! Please correct me if I am wrong, I dont think an email can substitue a real settlement deal in writing.
Quote:Please correct me if I am wrong, I don’t think an em
Quote:
Please correct me if I am wrong, I don’t think an email can substitute a real settlement deal in writing. |
An agreement must be in writing rather than sending it through email. Also, it should be clearly stated in the letter that after the account is paid off, your credit report should be updated with the bureaus.
In my opinion, before you agree to any payment terms, get a statement from the company showing the details of the accounts. You will have necessary info about your accounts and be sure that the money will go towards your debt account.
Why can't the information be in e-mail. I know with Cash Today,
Why can't the information be in e-mail. I know with Cash Today, Ltd., they will not send you anything in writing and I was able to get the manager to agree to my proposal via e-mail. I have saved one big e-mail of our conversation back and forth. However, when I send the one and only payment on Decemebr 23rd I will be enclosing a letter (of course make a copy for myself) and certified, along with a copy of the money order.
Htgt123 I have stressed on the general law regarding any agre
Htgt123
I have stressed on the general law regarding any agreement to be in writing.
But there are companies subjected to the specific rules laid down with them as it happened in your case. So, in your case, email is as efficient with Cash Today as it would have been in writing.
If you read kam's post, you will find that the company is first negotiating with him and then later accepting the proposal. So, by the general rule, if they are not supposed to send a letter in writing, they should send the email immediately.
I wouldn't have a problem accepting a settlement agreement via e
I wouldn't have a problem accepting a settlement agreement via e-mail so lonf as the e-mail positively identifies the lender. I.e headers, etc. specifically state the lenders business name. If they try and send a email from a generic account (for example janedoe(at)yahoo.com), no dice. There is a federal law which allows for digital signatures.. Not sure the name or specific at this time.
