Share post
Share
Debt Consolidation Forums Debt Problems forums

What letter is given by a collection agency after a debt settlement

Date: Fri, 07/14/2017 06:16
member profile picture
Posts: 1
Credits: 0
[Donate]

I want to know will I get a settlement letter from the collection agency after a debt is settled? How will I know that the debt is settled?




You can check your credit report to know if your debt has been settled. Your account status will be updated as "paid as agreed" or "paid as settled". Get a written settlement agreement before sending money to the CA.

Sub: #1 posted on Mon, 07/17/2017 - 00:10

SC SC
Moderators
(Posts: 3937 | Credits: )


Check your credit report to know whether or not it is updated as "paid as settled". Or you can contact the concerned settlement company to get the update.

Sub: #2 posted on Mon, 07/17/2017 - 05:57

sanderspatricia29 sanderspatricia29

(Posts: 926 | Credits: )

I agree with both of them, check your credit report to get the proper status of your account. If it is "paid as settled" then you don't have to worry anymore :)
You can find few samples of debt settlement letters here - https://community .debtcc.com/letters/index.html

Sub: #3 posted on Tue, 07/18/2017 - 00:39

tiarajoseph11 tiarajoseph11

(Posts: 412 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.710 seconds.