How much do I owe in actual to different CAs?
Date: Tue, 03/27/2007 - 08:13
I had a credit card from Capital One for 3000 dollar limit,that went in collections.AlliedInterstate said I owe 4284.23 now MRS associates INC have they said I owe 3653.00 and would settle for 1900 dollars.How much do I really owe and is it good to settle now. :wink:
Looks like you still haven't asked the collection agency to vali
Looks like you still haven't asked the collection agency to validate your debt? You need to know who actually is having your account and is authorized to report in your credit copy. For now, since MRS associates is asking you to pay, use your consumer rights as mentioned in the FDCPA. Make them validate the account before sending money. They should mention the interest calculations on the principal amount and show copies of the contract you signed with the original creditor.
You must confirm that they are the ones authorized to collect on your account. Otherwise, they will take your money and put in their pockets.
