What do I do ?
Date: Wed, 01/03/2007 - 05:25
I have received by telephone a settlement amount for a debt.The problem is they want to access my bank account for payments.I told them to give m 24 hours to think about it.I immediately wrote a letter to them stating that
I intended to pay my debt but I was uncomfortable with their method.I suggested that I submit the payment by bank cashier check/moneyorder to be sent certified.I also stated that if this was not agreeable contact me in writing with the reasons why or if it were agreeable this I wanted it in writing along with the settlement amount.lastly, that once the debt was paid that it would be upgraded on my credit report as paid in full.How long should I wait for a response? what happends if they never respond? can they file a suit in court?
I intended to pay my debt but I was uncomfortable with their method.I suggested that I submit the payment by bank cashier check/moneyorder to be sent certified.I also stated that if this was not agreeable contact me in writing with the reasons why or if it were agreeable this I wanted it in writing along with the settlement amount.lastly, that once the debt was paid that it would be upgraded on my credit report as paid in full.How long should I wait for a response? what happends if they never respond? can they file a suit in court?
You were right to refuse to let them access your bank account.
You were right to refuse to let them access your bank account. I assume you have a copy of the letter you sent them? That should be your proof that you are attempting to work with them. If they did file a suit in court, I don't think it would carry much weight if they didn't respond to your requested payment plan. I would say the ball's in their court now.
