Think Cash default sent to collections

Date: Wed, 01/12/2011 - 11:50

Submitted by trujilt
on Wed, 01/12/2011 - 11:50

Posts: 21 Credits: [Donate]

Total Replies: 2

I have a Think Cash loan that I defaulted on because I coulld not afford the payments. It has now been sent to collections with Kramer and Assoc. out of MI. My question now is should I send a debt validation letter at this point? I received the dunning letter yesterday (1/11) or should I make contact to set up arrangements right away? My loan was for $700 and the collection letter show a balance of $1227. Wanted to know which is the better way to go to get them taken care of.

You can send the debt validation letter to the collection agency

You can send the debt validation letter to the collection agency in order to check out whether or not they own your debt. If they are able to validate your debt, then you can negotiate with them and set up a payment plan to pay off the dues.

lrhall41

Submitted by Anna Sweeting on Wed, 01/12/2011 - 19:39

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There is no harm in sending debt validation letter to them. This

There is no harm in sending debt validation letter to them. This way, you'll know all the necessary details of your debt. You can use the following letter:
http://www.debtconsolidationcare.com/letters/sample6.html

If they refuse to negotiate with you, then I would suggest you to take advantage of any of the debt relief programs - credit counseling, debt management, debt consolidation and debt settlement. Choose a program that suits you best.

lrhall41

Submitted by Good Nelly on Wed, 01/12/2011 - 20:01

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