Validate a settlement letter from CA
Date: Tue, 01/05/2010 - 17:02
Hi,
This is the letter I recieved from the CA for the settlement. I understand I will be Settling in Full, and I just want to make sure the wording is correct so it does't come back to haunt me later. Also if this is ok can I make a payment using my debit card and then cancel the card after it goes through? I only have the Jan 8th so I am aftraid mailing something won't get there in time.
Thanks
Creditor: XXXXXX CREDIT UNION
Account(s): XXXXXXXX
Settlement Amount: $ 2,000.00
Balance Due: $ 12,958.42
The above-mentioned account(s), as to the above party only, may be "Settled In Full" by remitting the amount noted above as "Settlement Amount:"
As a result of this payment(s), there will be no further obligation regarding
the remaining balance if any and the disposition will be reported to the major credit reporting agencies if previously submitted.
In order to take advantage of this offer, we must receive in full theSettlement Amount stated above in this office no later than five PM (PST),
Friday, January 08, 2010
The terms of our agreement are as follow;
One payment in the amount of $ 2,000.00 by 1/8/2010
Total of all payments: $ 2,000.00
We appreciate your prompt attention to this matter. Should you have any
questions, please feel free to call this office at XXX-XXX-XXXX
Sincerely,
Administrator
This offer supersedes any prior verbal or written offers tendered.
Federal law requires us to inform you that this is an attempt to collect a debt
any information obtained will be used for that purpose.
This has been sent to you by a collection agency.
This is the letter I recieved from the CA for the settlement. I understand I will be Settling in Full, and I just want to make sure the wording is correct so it does't come back to haunt me later. Also if this is ok can I make a payment using my debit card and then cancel the card after it goes through? I only have the Jan 8th so I am aftraid mailing something won't get there in time.
Thanks
Creditor: XXXXXX CREDIT UNION
Account(s): XXXXXXXX
Settlement Amount: $ 2,000.00
Balance Due: $ 12,958.42
The above-mentioned account(s), as to the above party only, may be "Settled In Full" by remitting the amount noted above as "Settlement Amount:"
As a result of this payment(s), there will be no further obligation regarding
the remaining balance if any and the disposition will be reported to the major credit reporting agencies if previously submitted.
In order to take advantage of this offer, we must receive in full theSettlement Amount stated above in this office no later than five PM (PST),
Friday, January 08, 2010
The terms of our agreement are as follow;
One payment in the amount of $ 2,000.00 by 1/8/2010
Total of all payments: $ 2,000.00
We appreciate your prompt attention to this matter. Should you have any
questions, please feel free to call this office at XXX-XXX-XXXX
Sincerely,
Administrator
This offer supersedes any prior verbal or written offers tendered.
Federal law requires us to inform you that this is an attempt to collect a debt
any information obtained will be used for that purpose.
This has been sent to you by a collection agency.
The letter seems alright to me. You can make payments through
The letter seems alright to me.
You can make payments through your debit card. Just retain the transaction slip and the letter as evidences of settlement.
