Accelerated Financial Solutions=Pre-legal demand
Date: Sat, 04/23/2011 - 13:54
I am going to do a debt validation. What else should I do?
Heck, even paying the original balance is out of my financial ability..
I am trying to avoid going to court.
PLease Help!
You should ask them to validate the debt. This will help you to
You should ask them to validate the debt. This will help you to make sure that they own your debt account. After they validate the debt, you can negotiate with them for a settlement. If they agree to it, then it will help you to get your balance amount reduced by 40-60% depending upon the CA's discretion.
Thank You for responding... I will be getting out the letter to
Thank You for responding... I will be getting out the letter to them tomorrow...
Assuming they are willing to settle, would the 40-60% be the ammount from what I owed the acutal CC company or the inflated crap the Collections company is claiming?
It would be tight but we could possibly handle a payment plan on the CC balance, but the $25,000 AFS claims we owe is going to be impossible unless we can pay for many years... :cry: :oops:
