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Should I make extra payments for the third account?

Submitted by bellian on Wed, 06/24/2020 - 18:21

I am working with a settlement company. They have settled 2 accounts. However, in the case of a third account, they are asking me to pay more. Why is that so? Should I make additional payments to them?

Was it not mentioned in the contract you signed? First check it out. Do not make the payment in a hurry.
If required, you can notify the BBB. They can help to resolve complaints. If it meets the BBB guidelines, they will start acting on it within 5 days.
But first, talk to the settlement company and ask them to give that to you in writing so that you have a proof.

Submitted by Good Nelly on Thu, 06/25/2020 - 03:53

Good Nelly

( Posts: 2846 | Credits: )

Every creditor is different. Maybe, the third creditor is asking for money money. Some creditors agree to settle at 50%. Some creditors demand more money and agree to settle the debt at 40%. So, it varies. Some creditors may agree to settle debt at only 70%. So, it depends. Ask the settlement company why they are demanding for more money.

Submitted by David Martin on Sun, 06/28/2020 - 23:27

David Martin

( Posts: 394 | Credits: 3933 )

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