Recieved Settlement Agreement from States Recovery Systems - HELP!
Date: Mon, 04/20/2009 - 17:22
I went threw the process and sent this States Recovery Systems a settlement agreement for 40% of what was owed. They contacted me via phone tonight and said they recieved the settlement and could only do a 50 % settlement which i am not against. The debt has not been reported to any agencies as of approx. 30 days ago. My agreement stated that any negative info would be removed etc. any balance wouldn't be sold, etc.
They say nothing has been or will be reported if we can get this done by the end of the month. I spoke to the supervisor and he faxed me a settlement letter.
There letterhead
Reference: Professional Coll Consultants
Acct # - ------------------------
Show principal ------- interest ------------
total --------------------
Then say the acct with Professional Coll Cunsultants in the amount of ------- has been approved for seetlement in amount of --------
Next paragraph say how needs to be paid and when by and will constitute full and final satisfaction of the debt when there is a final settlement to States Recovery Systems.
The original creditor was AT&T Wireless (another bunch of crooks) I don't know who Professional Coll Consultants is, first i heard of them.
Is a letter like this ok to go with or am i going to get screwed after they get paid. Im concerned that it will end up on my report through AT&T. They also told me any balances wouldn't be sold off, its over right here.
I've read so many negative things, I'm a little nervous to go through with it.
Wildwoodmen
They say nothing has been or will be reported if we can get this done by the end of the month. I spoke to the supervisor and he faxed me a settlement letter.
There letterhead
Reference: Professional Coll Consultants
Acct # - ------------------------
Show principal ------- interest ------------
total --------------------
Then say the acct with Professional Coll Cunsultants in the amount of ------- has been approved for seetlement in amount of --------
Next paragraph say how needs to be paid and when by and will constitute full and final satisfaction of the debt when there is a final settlement to States Recovery Systems.
The original creditor was AT&T Wireless (another bunch of crooks) I don't know who Professional Coll Consultants is, first i heard of them.
Is a letter like this ok to go with or am i going to get screwed after they get paid. Im concerned that it will end up on my report through AT&T. They also told me any balances wouldn't be sold off, its over right here.
I've read so many negative things, I'm a little nervous to go through with it.
Wildwoodmen
Is it signed by the manager with his/her name typed underneath i
Is it signed by the manager with his/her name typed underneath it?
If you accept it tell them you will send them the cashiers check (Do not give them any information regarding your bank or Credit card) once you receive an original copy (not copy) of the signed dociment. Send the same thing by mail, CMRR, so they cannot say you did not respond to their offer.
First off you need to ask a few questions. Has AT&T reported the
First off you need to ask a few questions. Has AT&T reported the debt to the CBR's? The company I worked for last year did not report to the CBR agencies but the creditor did. So any settlement made wasn't reported by us but the creditor. AT&T will not remove a negative mark unless it is their error.
