Who to cut the check to - something doesn't seem right !
Date: Fri, 04/24/2009 - 07:54
the problem is why would they want the check made to the OC if they have purchased the debt?
This debt is from 2005 and the OC never filed on my report but this CA has and I don't want after i settle the OC to file a report. Is this possible for the OC to due this.
The CA has agreed to remove there report from my CR in writing but i am concerned about the OC.
I didn't validate as I was looking to get it over with quickly. (small amount)
A little help would be apprieciated !
Wildwoodsmen
Have they in fact purchased the debt or are they working 3rd par
Have they in fact purchased the debt or are they working 3rd party?
The company is debt recovery solutions and the letters sent to m
The company is debt recovery solutions and the letters sent to me say that they have purchased the debt through a large purchase of deliquent accts from the original creditor.
You should always make the check out to the name of the creditor
You should always make the check out to the name of the creditor. Because if they are legit all they are going to do is remit the money to their client. If they dont accept the check with the original creditors name on it, then it is possible they pruchased the debt. I would call the original creditor and see if you can pay them. 9 times out of 10 you can.
Sounds like good info to me and I am not experiienced with this
Sounds like good info to me and I am not experiienced with this at all. But if your own the debt you would want it paid to you not the company you purchased it from.
I just had Capital Managment contact me and they want to settle with me asap. But they want the check made to them, again I don't understand this.
I'm not sending anything until I talk to someone a Arrow and then it will have to be as close to my terms as possible.
Thank you