Should I accept the offer???
Date: Fri, 07/18/2008 - 19:35
What do you think about this offer? Should I take it? What are the consequences?
Don't jump the gun just yet.....have you spoken with the CA yet
Don't jump the gun just yet.....have you spoken with the CA yet or just gotten a letter? I would expect to see something a little more formal...however, I have a debt with a CA/law firm that I pay $100 per month on. Every few months or so they will send a letter offering me a payoff amount reduced by xx%. It is usually just a copied letter and very informal. They sent one at Christmas and around tax time and then one again about the time people were getting their stimulus checks.
Since the account is out of sol, the only reason I would conside
Since the account is out of sol, the only reason I would consider paying it off would be to receive a full deletion of their collection account on your reports. A paid collection is scored exactly like a unpaid one. In letter make sure the letter states paid in full with conditions stating any remaining balance is not to be collected on or sold.
Is this still reporting on your CR's? If it's out of statute an
Is this still reporting on your CR's? If it's out of statute and beyond federal reporting period, I'd FOAD 'em.
Yes they are still reporting on my CR's. I am not srue if I can
Yes they are still reporting on my CR's. I am not srue if I can get them to delete this as I've herad they are one of the worst to deal with. Is there any settlement ompany who can get this done for me?
What is the Date of First Default on the account? Reporting per
What is the Date of First Default on the account? Reporting period is 7-7.5 years from DOFD. Are both Providian and Midland reporting? If both are reporting, call the CRA's and get the DOFD as reported by both Providian and Midland. Those dates should be exactly the same. If they differ, dispute them both in writing.