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Counter Offer (lost my original post)

Date: Mon, 11/09/2009 - 12:30

Submitted by anonymous
on Mon, 11/09/2009 - 12:30

Posts: 202330 Credits: [Donate]

Total Replies: 4


Long story short i'm dealing with ARS( Associate Recovery Systems) regaurding a Dell account. Basically they responded to my debt validation letter with a total of roughly $1600 which still doesnt add up to me because I had paid a little through my DMP plan before they stopped because Dell wouldn't accept it. I believe my true balance should be somewhere around $1200.00. They recently sent me an offer stating they would accept a 60% settlement or monthly payments of $100 after i paid $160 down to end up paying in full. How should I counter this. I really can't afford to pay the $100 monthly or the 60% settlement. Should I come back with a 35% offer on what I believe my balance is? Or would somewhat lowballing these guys not be a good idea? Should I contact my Debt Managment people to have them try and set something up? Any advice would be great and thank you in advance!

Gettingbackontrack


Update- So I dug up the verification letter that ARS sent me. I don't really know what to look for but it really doesnt say much besides giving me the information about the account it has a lot of lettering on it lilke block code 1 block code 2 with letters in it. It says collector (ART) it gives the date of everything and it looks like the last activity on it after charge off was maybe them purchasing it from Dell? $191.16? It's kind of confusing but that's all they sent me and included in that letter it says ARS will contact you with payment options


lrhall41

Submitted by on Mon, 11/09/2009 - 12:35

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