Debtconsolidationcare.com - the USA consumer forum

CA won't accept OC offer

Date: Mon, 09/12/2011 - 14:03

Submitted by andria.lawson
on Mon, 09/12/2011 - 14:03

Posts: 12 Credits: [Donate]

Total Replies: 4


When working with Hunter Warfield, I found the deals and negotiations wre easier towards the end of the month, now I know why "commission". After trying to pay them off when I could they rejected every offer even though my offer was 75% of the balance owed. By the way this company charged a hefty interest penalty monthly onthe amount owed. It went from 1795 to 1974 in 6 months. I contacted the OC headquarters and they accepted my offer, the hard part for both myself and the OC was getting the CA to accept the offer the OC did.

Can a CA that does not own the debt but is collecting on behalf of a company refuse to accept an offer the OC has accepted? I thought the CA worked for the OC.


It depends on the terms of the collection contract/agreement between the debt collector and the OC. Items such as exclusivity to collect under their terms of agreement, level of OC approval needed to accept payments for less than the full amount, level of authority granted to bring legal action on behalf of the OC, the level of debt collector remuneration based on amount collected, termination of agreement conditions, etc., can vary.

Some debt collectors can be assigned more rights than others. Those are questions of internal business decisions by both parties.


lrhall41

Submitted by Lian on Mon, 09/12/2011 - 15:38

( Posts: 234 | Credits: )


I didn't know the OC was in violation of their contract however, the OC contacted the CA to inform them to accept my offer. Meanwhile the CA was on the phone with me trying to get me to agree to a payment plan for 50% of the total balance one day & the remaining balance at a later time. I had to decline because I didn't have 50% of the balance. Nevertheless, it worked out because the OC called and said the CA accepts my offer and I paid the settlement offer I had been trying to pay for a month or more. The person that was assigned my account wasn't too happy because of the commission so, I ended up working with someone else at the CA to make payment arrangements.


lrhall41

Submitted by andria.lawson on Wed, 09/14/2011 - 12:18

( Posts: 12 | Credits: )


Perfect. Sounds like you had a good outcome. I was going to suggest that you talk with the agency liaison at OC office, and they would contact the agency on your behalf. It appears that this is exactly what has taken place. Congratulations!


lrhall41

Submitted by mariemegge on Thu, 09/15/2011 - 07:17

( Posts: 168 | Credits: )