This collection company purchased a 4-year-old charged-off cc debt of mine in the amount of $3362. I didn't dispute the debt, or ask for validation when I got the first letter from them in May. A few days ago, they sent me a second letter saying they are assigning my account to an investigator in my area since I haven't cooperated with them. The debt was accumulated in Georgia where the SoL is 4 years and now I live in Minnesota and the SoL is 6 years. They offered to settle for half the amount in the first letter and I'm aware of the IRS consequences of doing that. They belong to the Houston BBB with resolved complaints.
Should I write them (registered) and still ask them to validate the debt anyway? I know for sure it's mine; or negotiate monthly payments with them in writing? I managed to pay-off $12,000 in mostly charged-off cc's through a dmp Program and this is the only unpaid debt I have left and morally, I believe I should start making payments on it because I am in a financial position now to do so. Thanks for the help! :roll:
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