Help Please ERS Recovery!
Date: Wed, 07/22/2009 - 18:57
Hi Guys,
I am hoping to get a few brief answers here. I appreciate any help.
I took out a private loan for school which was first owed to a local bank then went to Brazos which then had the loan serviced by MRS and now finally ERS out of Illinois. Does this mean this loan is in Collections? Can Brazos still own the loan and pay these companies to collect on it.
If it is in Collections does that mean ERS had to buy my loan from MRS or Brazos? The woman from ERS said i can send any settlement amount discussions/figures to her and she will run it by Brazos. But i am not sure whom to believe.
Also, if this is in collections it has yet to show on my credit report as debt owed.
So as you can see im confused as heck.
Thanks for your help if you could help me out i really appreciate it. My next move was to pay an attorney to sort this all out.
I am hoping to get a few brief answers here. I appreciate any help.
I took out a private loan for school which was first owed to a local bank then went to Brazos which then had the loan serviced by MRS and now finally ERS out of Illinois. Does this mean this loan is in Collections? Can Brazos still own the loan and pay these companies to collect on it.
If it is in Collections does that mean ERS had to buy my loan from MRS or Brazos? The woman from ERS said i can send any settlement amount discussions/figures to her and she will run it by Brazos. But i am not sure whom to believe.
Also, if this is in collections it has yet to show on my credit report as debt owed.
So as you can see im confused as heck.
Thanks for your help if you could help me out i really appreciate it. My next move was to pay an attorney to sort this all out.
ERS is Enterprise Recovery Systems Inc, a collection agency, tha
ERS is Enterprise Recovery Systems Inc, a collection agency, that specializes in recovery of education related debts, so your debt has been sent to collections. I think that you should send a debt validation letter to both ERS and Brazos. If Brazos has sold the account to ERS, they will inform you of this as a reply to your debt validation.
Quote:
I can send any settlement amount discussions/figures to her and she will run it by Brazos |
If you get the debt validated from ERS, you can negotiate with them for settlement. If they agree to settle the debt for less, get the agreement in writing and pay it off.
