Help with settlement offer
Date: Sun, 05/15/2011 - 12:33
I've been making payments for 5 months and now they want to settle for 55% of the orignal balance.... They are not taking into account of the payments made either!! If i do not settle, they told me that it would be turned over to the attorney to seek further action as permited by law.
Law firm of Ed Overcash representing Cach, LLC
Thanks for any advice or help...
They should have taken into account of the payments you have mad
They should have taken into account of the payments you have made in the last few months. Anyway, you may settle the debt since the offer is not bad. It is better to settle the debt before the account is turned over to a lawyer. Before making any settlement, draw up a written agreement and read through it before signing.
You can take the settlement offer. Before accepting the settleme
You can take the settlement offer. Before accepting the settlement offer, you will have to be ensured that all the information about this deal has been written in the contract. But, if you are confused, then you may consult a reliable debt settlement company.
Thanks for your help guys. Here is the letter they have sent me.
Thanks for your help guys.
Here is the letter they have sent me.
[FONT=Times-Roman][LEFT]Creditor: CACH, LLC
Original Creditor: BANK OF AMERICA
Amount Due: $5,255.63
Our Account #:
Original Account #:
Dear ,
This letter will confirm that this office and our client have extended an offer of settlement in the amount of $2,581.12.
Our client and I are willing to accept the settlement for the account with the following provisions;the settlement payment of $2,581.12 must be received by our office no
later than May 27, 2011.
Once settlement in full is received, the account will be closed as settled in full.[/LEFT]
If you have any questions, please call 864-298-1130
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